UK's Pets at Home rises after Peel Hunt upgrades stock to 'buy'

** Shares of pet care company Pets at Home Group PETSP.L up 4.4% at 231.6 pence

** Peel Hunt raises PETSP to "buy" from ""hold" and raises target price to 260p from 180p

** Peel Hunt analysts says Covid-era pets aging should support growth across both divisions

** Brokerage says retail recovery, potential margin rebound, likely buybacks and double-digit EPS growth offer upside not fully reflected in valuation

** 7 of the 12 analysts covering the stock have a "buy" or higher rating, 2 have "hold" while 3 rate it at "sell" or lower; median PT is 237.5p - LSEG-compiled data

** YTD, stock has risen 16.2%