Petsmart, Inc. (PETM) Declares $0.195 Quarterly Dividend; 1.3% Yield
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Petsmart (PETM) Rebounds Following Analyst Downgrade
June 23, 2014 3:50 PM EDTPetsmart (NASDAQ: PETM) is rebounding Monday followinga slight drop lower last Friday.
Wedbush assumed/downgraded PetSmart from Outperform to Neutral and lowered its price target from $78 down to $60, putting some pressure on the name.
After dropping 2.2 percent, the stock was up 5 percent Monday.
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