Oppenheimer Maintains Outperform on Chewy, Lowers Price Target to $35
Portfolio Pulse from richadhand@benzinga.com
Oppenheimer analyst Rupesh Parikh maintains an Outperform rating on Chewy (NYSE:CHWY) but lowers the price target from $50 to $35.
August 31, 2023 | 11:56 am
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Oppenheimer has maintained an Outperform rating on Chewy but lowered the price target from $50 to $35.
The lowering of the price target by Oppenheimer could potentially lead to a decrease in the stock price of Chewy in the short term as it indicates a lower valuation for the company. However, the maintained Outperform rating suggests that the analyst still sees potential upside for the stock.
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IMPORTANCE 80
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