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Fly News Breaks for May 7, 2018
PETS
May 7, 2018 | 11:30 EDT
Craig-Hallum analyst Kevin Ellich lowered his price target for PetMed Express to $38 following the "mixed" Q4 results, where revenue modestly missed expectations and earnings beat on better gross margin. Comps get tougher in the coming quarters and the potential for competition has increased, Ellich tells investors in a post-earnings research note. He keeps a Hold rating on PetMed Express.
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