PetSmart downgraded to Sell from Hold at Deutsche Bank Deutsche Bank downgraded PetSmart to Sell citing slowing traffic trends and increased competition. The firm lowered its price target for shares to $65 from $73.
KKR, Hellman & Friedman eyeing Petco deal, NY Post reports KKR (KKR) and Hellman & Friedman are "sniffing out" Petco for a potential acquisition, the New York Post reports. The firms made preliminary offers for the company last week and are viewed as the strongest bidders, the report says. Rival PetSmart (PETM) is also pursuing a deal, the report adds. Reference Link