PetSmart (PETM +2.8%) finishes the day higher after Bank of America raises its price target on...

|By:, SA News Editor

PetSmart (PETM +2.8%) finishes the day higher after Bank of America raises its price target on the shares to $60 and reaffirms its Buy rating. The bank points to an unexpectedly strong recovery in pet adoptions in the last few months that's driving significant growth in the pet population.