PetMed Express ( PETS ) and subsidiaries, doing business as 1-800-PetMeds, is a leading nationwide pet pharmacy. The company markets its health products for dogs, cats, and horses direct to the consumer through national television, online, and direct mail advertising campaigns. We are downgrading PetMed Express from Buy to Hold and reducing our 6-month target price from $21 to $17. The company should continue to report solid results thanks to management s focus on increasing its market share a