Piper Jaffray reiterates an Overweight rating on shares of PetSmart (PETM) with a $53 price...

|By:, SA News Editor

Piper Jaffray reiterates an Overweight rating on shares of PetSmart (PETM) with a $53 price target. The firm cites the pet supplier's stable sales trends and promising pipeline of premium pet food products detailed in yesterday's CC. Shares +1% premarket.