Wedbush Maintains Outperform on Chewy, Lowers Price Target to $31
Portfolio Pulse from richadhand@benzinga.com
Wedbush analyst Seth Basham maintains an Outperform rating on Chewy (NYSE:CHWY) but lowers the price target from $45 to $31.
August 25, 2023 | 1:42 pm
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Wedbush maintains an Outperform rating on Chewy but lowers the price target from $45 to $31.
The lowering of the price target by Wedbush from $45 to $31 indicates a potential decrease in the stock's value. However, the Outperform rating suggests that the stock is expected to do better than the market average, which could mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100