Wedbush Morgan Cuts PETCO Opinion

Analyst Joan Storms cites the magnitude of shortfall in the company's forward guidance

After PETCO Animal Supplies (PETC ) announced quarterly results Friday, Wedbush Morgan analyst Joan Storms cut her investment recommendation on the stock to hold from buy. She cites the magnitude of shortfall in the company's forward guidance, potential structural impediments, and lack of near-term catalysts.

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