Evercore ISI Group Downgrades Chewy to In-Line, Lowers Price Target to $35
Portfolio Pulse from richadhand@benzinga.com
Evercore ISI Group analyst Mark Mahaney has downgraded Chewy (NYSE:CHWY) from Outperform to In-Line and lowered the price target from $53 to $35.
August 31, 2023 | 9:45 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Chewy has been downgraded from Outperform to In-Line by Evercore ISI Group, with a lowered price target from $53 to $35.
The downgrade from Outperform to In-Line and the lowering of the price target by Evercore ISI Group indicates a less optimistic outlook for Chewy. This could potentially lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100