PetSmart’s Price Target Raised at ThinkEquity (PETM)

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Pet products retailer PetSmart, Inc. ( PETM ) on Tuesday saw its price target boosted by analysts at ThinkEquity.

The firm said it now expects PETM shares to reach $43, which represents a 12% expected upside to the stock's Monday closing price of $38.33.

ThinkEquity cited expectations for solid near-term results for the upgrade, and maintained its "Buy" rating.

PetSmart shares were mostly flat in premarket trading Tuesday.

The Bottom Line
Shares of PetSmart ( PETM ) have a 1.30% dividend yield, based on last night's closing stock price of $38.33. The stock has technical support in the $34-$35 price area. The shares are trading near all-time highs and have little overhead resistance.

PetSmart, Inc. ( PETM ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Stocks

Referenced Stocks: PETM

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