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Pet Valu Downgraded to Market Perform at Raymond James

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Pet Valu Holdings Ltd. (PET.TO) was downgraded to market perform from outperform at Raymond James.

Analyst Michael Glen raised his price target on shares of the Canadian pet food and accessory retailer to C$23 from C$21 following its quarterly results on Tuesday.

"Visibility is limited in the near-term, and investors purchasing stock at these levels will need to do so with a long-term view," Glen said in a note to clients.

(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

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