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PetSmart Started as a “Buy” at ThinkEquity (PETM)
9/14/2010 9:25:00 AM
Pet products retailer PetSmart, Inc. ( PETM ) on Tuesday saw its coverage initiated with a "Buy" rating by analysts at ThinkEquity.
The firm also set a $41 price target on PETM, which represents an expected 18% premium over the stock's Monday closing price of $34.60. ThinkEquity noted the company is a market leader and should continue to gain market share.
PetSmart shares were mostly flat in premarket trading Tuesday.
The Bottom Line
PetSmart, Inc. ( PETM ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.