Pet supply retailer PetSmart, Inc. (
) on Monday saw its shares upgraded by analysts at JMP
The firm said it boosted its rating on PETM from to "Market
Perform" to "Outperform" with a $50 price target. That target
implies a nearly 21% upside from the stock's Friday closing price
The analyst noted that PetSmart can grow its market share this
year, and could benefit from inflation.
PetSmart shares were mostly flat in premarket trading
The Bottom Line
Shares of PetSmart (
) have a 1.21% dividend yield, based on Friday's closing stock
price of $41.48. The stock has technical support in the $36-$38
price area. The shares are trading at all-time highs and have
little overhead resistance.
PetSmart, Inc. (
) is not recommended at this time, holding a Dividend.com DARS™
Rating of 3.4 out of 5 stars.
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, as well as a detailed explanation of
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