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Petco Health & Wellness Reaches Analyst Target Price

In recent trading, shares of Petco Health & Wellness Co Inc (WOOF) have crossed above the average analyst 12-month target price of $4.03, changing hands for $4.06/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..
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