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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Giving back is a significant part of the pet food industry, and companies focused on philanthropy want to make connections, not just donations.
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