Fly News Breaks for January 23, 2019
Jan 23, 2019 | 08:27 EDT
Craig-Hallum analyst Kevin Ellich lowered his price target for PetMed Express to $18 from $25 after Q3 results missed estimates across the board due to increased competition that continues to affect the company as new customer acquisition costs were higher than expected while new customers added were the lowest since the analyst began tracking the metric in FY10. Ellich reiterates a Sell rating on the stock.
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