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2025-03-272025-03-271111100
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ubs lowers petco stock target to 3.25 amid mixed earnings report

UBS analyst Michael Lasser has lowered Petco's stock price target to $3.25 from $5.50 while maintaining a Neutral rating, citing a focus on profitability over growth. Despite a mixed Q4 performance, with revenue meeting expectations but a negative EPS, Petco's stock rose in after-hours trading. The company plans to close 20-30 locations in 2025 and expand its fresh frozen pet food category, emphasizing internal improvements as it aims for double-digit adjusted EBITDA growth by 2025.
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United States Dollar Petco Health and Wellness Company, Inc. USA Sabrina Simmons Michael Lasser Joel Anderson Steven Zaccone Show more
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15:31 27.03.2025
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