B of A Securities Reinstates Underperform on Chewy, Announces $16 Price Target
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Curtis Nagle has reinstated Chewy (NYSE:CHWY) with an Underperform rating and announced a $16 price target.
October 19, 2023 | 2:13 pm
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NEGATIVE IMPACT
Chewy's stock may be negatively impacted in the short term due to the Underperform rating and low price target set by B of A Securities.
Analyst ratings and price targets can significantly influence investor sentiment and stock prices. The Underperform rating suggests that the analyst expects Chewy's stock to do worse than the market average. Additionally, the $16 price target is likely lower than the current trading price, indicating a negative outlook for the stock.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100