Barclays Maintains Equal-Weight on Chewy, Lowers Price Target to $28
Portfolio Pulse from richadhand@benzinga.com
Barclays analyst Trevor Young has maintained an Equal-Weight rating on Chewy (NYSE:CHWY) but lowered the price target from $35 to $28.
August 31, 2023 | 8:56 am
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Barclays has maintained an Equal-Weight rating on Chewy but lowered the price target from $35 to $28, which could potentially impact the stock's performance.
The lowering of the price target by Barclays from $35 to $28 indicates a potential decrease in the value of Chewy's stock. This could lead to a negative short-term impact on the stock's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100