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Pet Food News
on October 14, 2009

PetSmart goes to 'buy' from 'neutral'

Janney Montgomery Scott analyst David Strasser upgraded PetSmart Inc. from "neutral" to "buy" after predicting the company will benefit from a potential 2010 economic recovery, according to The Associated Press.

Janney Montgomery Scott analyst David Strasser upgraded PetSmart Inc. from "neutral" to "buy" after predicting the company will benefit from a potential 2010 economic recovery, according to The Associated Press .

A shift toward pet supplies, like toys and apparel, from consumables, such as food and treats, is also predicted to benefit gross margin.

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