JMP Securities Maintains Market Outperform on Chewy, Lowers Price Target to $28
Portfolio Pulse from Benzinga Newsdesk
JMP Securities analyst Nicholas Jones has maintained a Market Outperform rating on Chewy (NYSE:CHWY) but has reduced the price target from $43 to $28.
December 07, 2023 | 12:42 pm
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NEGATIVE IMPACT
JMP Securities reaffirmed a Market Outperform rating on Chewy but lowered the price target from $43 to $28, indicating a potential downside compared to the previous target.
The reduction in price target by JMP Securities suggests that they see 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.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100