Pet Food News

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 .

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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