UBS Upgrades Chewy to Neutral, Lowers Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Michael Lasser has upgraded Chewy (NYSE:CHWY) from Sell to Neutral and lowered the price target from $25 to $20.

October 25, 2023 | 10:20 am
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NEUTRAL IMPACT
Chewy's stock rating has been upgraded from Sell to Neutral by UBS, but the price target has been lowered from $25 to $20.
The upgrade from Sell to Neutral indicates a more positive outlook on the company's stock, which could potentially attract investors. However, the lowering of the price target from $25 to $20 suggests that the analyst believes the stock is currently overvalued, which could deter some investors. The net effect on the stock price is uncertain, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100