Barclays lowered the firm’s price target on Chewy (CHWY) to $48 from $52 and keeps an Overweight rating on the shares. The firm views the company’s fiscal Q4 as “de-risked” and says the current valuation provides an attractive entry point.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CHWY:
- Unusually active option classes on open March 3rd
- 3 Best ‘Strong Buy’ Rated Stocks to Consider as Volatility Picks Up
- WeShop to allow shoppers to turn spending into ownership at Chewy, PetSmart
- Midday Fly By: Home Depot reports Q4 beat, AMD and Meta expand partnership
- Chewy Finalizes CFO Succession, Reaffirms Profitability Targets