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Pet Valu Price Target Lowered to C$24 at RBC

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RBC Capital Markets lowered its price target on Pet Valu Holdings (PET.TO) to C$24 from C$26.

Analyst Irene Nattel maintained an Outperform rating on shares of the Canadian pet food and accessory retailer ahead of its Q2 results on Aug. 11.

"PET's shares continue to lag as value-oriented consumer spending weighs on the pet care category despite pet owner devotion," Nattel 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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