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Credit Suisse upgrades Petco to outperform, says stock can rise 40% 

Petco Health and Wellness Co. signage outside the Nasdaq MarketSite during the company’s initial public offering (IPO) in New York, U.S., on Thursday, Jan. 14, 2021.

Michael Nagle | Bloomberg | Getty Images

The newly public Petco is proving that there is still room for another strong brand in the pet care space, according to Credit Suisse.

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