PetSmart sale unlikely in near-term, says Oppenheimer Following Jana Partners' disclosure of a 9.9% stake in PetSmart and its indication that it will pursue talks with the company about exploring its options, including a potential sale, Oppenheimer said it views a sale of the company as unlikely in the near-term, adding it does not expect a "quick fix" for the company. Oppenheimer maintains its Perform rating on the stock.
News For PETM From The Last 14 Days
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On The Fly: Analyst Downgrade Summary Today's noteworthy downgrades include: 21st Century Fox (FOXA) downgraded to Buy from Strong Buy at ISI Group... Charter (CHTR) downgraded to Hold from Buy at Jefferies... Covidien (COV) downgraded to Hold from Buy at Needham... Diageo (DEO) downgraded to Underweight from Neutral at JPMorgan... GNC Holdings (GNC) downgraded to Hold from Buy at Jefferies... International Game (IGT) downgraded to Market Perform from Outperform at BMO Capital... JAVELIN Mortgage (JMI) downgraded to Market Perform from Outperform at JMP Securities... Macquarie Group (MQBKY) downgraded to Underweight from Neutral at JPMorgan... PNC Financial (PNC) downgraded to Neutral from Buy at Compass Point... PetSmart (PETM) downgraded to Sector Perform from Outperform at RBC Capital... Rexam (REXMY) downgraded to Hold from Buy at Deutsche Bank.