TD Cowen lowered the firm’s price target on Chewy (CHWY) to $44 from $45 and keeps a Buy rating on the shares. The firm said Q4 results beat consensus for both revenue and EBITDA, driven by better than expected Active Customers and Non-GAAP operating leverage, offsetting more modest GM gains.
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Read More on CHWY:
- Chewy price target raised to $42 from $40 at Citi
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