Piper Sandler Maintains Neutral on Chewy, Lowers Price Target to $21
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Peter Keith has maintained a Neutral rating on Chewy (NYSE:CHWY) but has reduced the price target from $29 to $21.
December 01, 2023 | 6:00 pm
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NEGATIVE IMPACT
Piper Sandler has maintained a Neutral rating on Chewy but lowered the price target from $29 to $21, indicating a potential downside compared to the previous target.
The reduction in price target by Piper Sandler suggests that the analyst sees less upside potential for Chewy's stock, which could lead to negative investor sentiment and a potential decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100