Raymond James upgraded Chewy (CHWY) to Outperform from Market Perform with a $28 price target The firm cites valuation for the upgrade with the shares down 33% since the fiscal Q3 report. The selloff creates an attractive risk/reward, the analyst tells investors in a research note. Raymond James likes the setup for Chewy shares, citing low expectations coupled with the company’s sales and margin opportunities in 2026.
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