Fly News Breaks for October 17, 2019
Oct 17, 2019 | 09:10 EDT
Craig-Hallum analyst Kevin Ellich raised his price target for PetMed Express to $20 from $15, while reiterating a Hold rating on the shares. The analyst thinks the company will report mixed Q2 results, with revenue coming in lower than consensus of $69.7M and EPS beating Street estimates of 26c largely due to better pricing and gross margin attributable to implementation of Minimum Advertised Price by some of the major manufacturers.
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