Citi lowered the firm’s price target on Chewy (CHWY) to $40 from $42 and keeps a Buy rating on the shares. The firm believes the company’s Q4 report and 2026 outlook should restore investor confidence in the shares. Chewy continues to gain market share while its margins ramp, the analyst tells investors in a research note. Citi sees a “compelling” risk/reward at current share levels.
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