UPDATE: Deutsche Bank Reiterates on PetSmart on Recent Adoption Data

In a report published Monday, Deutsche Bank analyst Mike Baker reiterated a Sell rating on PetSmart (NASDAQ: PETM ), but lowered the price target from $65.00 to $60.00. In the report, Deutsche Bank noted, “Same shelter data provided by Pethealth Inc. (PTZ:TSX) shows that adoptions from “same shelters” through PETM