UBS Still on the Sidelines Following PetSmart's (PETM) Q3 Report; Boosts PT to $77
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BofA/Merrill Lynch Upgrades PetSmart (PETM) to Neutral
November 19, 2014 6:59 AM ESTBofA/Merrill Lynch upgraded PetSmart (NASDAQ: PETM) from Underperform to Neutral with a price target of $80.00 (from $55.00).
Analyst Denise Chai said the announced cost savings, if executed, can deliver DD earnings growth even as comps remain challenging.
The firm raised 2014E EPS... More
KKR, CD&R Preparing Joint Bid for PetSmart (PETM) - Reuters
November 18, 2014 5:48 PM ESTKKR (NYSE: KKR), CD&R Preparing Joint Bid for PetSmart (Nasdaq: PETM) - Reuters
... MorePetSmart (PETM) Tops Q3 EPS by 8c, Offers Q4 Guidance, FY15 Comps Seen in Low-Single Digits
November 18, 2014 5:18 PM EST(Updated - November 18, 2014 5:19 PM EST)
PetSmart (NASDAQ: PETM) reported Q3 EPS of $1.02, $0.08 better than the analyst estimate of $0.94. Revenue for the quarter came in at $1.7 billion versus the consensus estimate of $1.73 billion. Comps were flat.
PetSmart sees Q4 2014 EPS of $1.34-$1.38, versus... More

