Raymond James Maintains Outperform on Chewy, Lowers Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Rick Patel has maintained an Outperform rating on Chewy (NYSE:CHWY) but has reduced the price target from $24 to $20.
December 07, 2023 | 12:38 pm
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Chewy's Outperform rating is maintained by Raymond James, but the price target is lowered from $24 to $20, indicating potential downside according to the analyst's view.
The reduction in price target by Raymond James suggests that the analyst sees less upside potential for Chewy's stock price in the short term. This could lead to a negative investor sentiment and a potential decrease in the stock price as the market adjusts to the new analyst expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100