Morgan Stanley Maintains Equal-Weight on Chewy, Lowers Price Target to $31
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Lauren Schenk has maintained an Equal-Weight rating on Chewy (NYSE:CHWY) and lowered the price target from $32 to $31.
August 31, 2023 | 12:50 pm
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Morgan Stanley has maintained an Equal-Weight rating on Chewy and lowered the price target from $32 to $31.
The lowering of the price target by Morgan Stanley could potentially lead to a decrease in the stock price of Chewy in the short term. Investors may interpret this as a lack of confidence in the company's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100