Goldman Sachs Maintains Buy on Chewy, Lowers Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Eric Sheridan has maintained a Buy rating on Chewy (NYSE:CHWY) but has reduced the price target from $45 to $40.

December 07, 2023 | 2:30 pm
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NEUTRAL IMPACT
Goldman Sachs reaffirms a Buy rating on Chewy but lowers the price target to $40, indicating a positive outlook with a more conservative valuation.
While the Buy rating reaffirms confidence in Chewy's fundamentals and growth potential, the reduced price target may reflect a more cautious view on valuation or sector headwinds. This could lead to a mixed short-term reaction in the stock price as the market digests the implications of a lower target with a maintained positive rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100