Petco new Executive Chairman 'should be well received by market,' says Baird After Petco announced the appointment of Glenn Murphy as Executive Chairman of the Board, Baird analyst Peter Benedict said the addition of such a "proven retail executive with an impressive track record to the Board should be well received by the market." The firm's initial reaction to the news is "positive," and it looks forward to learning more about Murphy's plans, but it remains on the sidelines for now given limited visibility into profit stabilization and improvement. Baird keeps a Neutral rating and $2.50 price target on Petco shares.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.