TSX:PET - Post Discussion
Post by
retiredcf on Jun 05, 2024 10:18am
ATB Resume Coverage
Resuming coverage of Pet Valu Holdings Ltd. following its secondary offering of 5.9 million shares to Roark Capital Management LLC, ATB Capital Markets’ Chris Murray reaffirmed an “outperform” recommendation and $41 target. The average is $37.59.
“With valuations looking increasingly attractive following the secondary and softer-than-expected Q1/24 results, we would look to add to positions as expectations for stronger same-store performance and new store openings in H2/24 positions the Company for a recovery heading into 2025,” he said.
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