UBS Maintains Neutral on Chewy, Raises Price Target to $30
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Michael Lasser maintains a Neutral rating on Chewy (NYSE:CHWY) but raises the price target from $21 to $30.
August 29, 2024 | 12:31 pm
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UBS analyst Michael Lasser has maintained a Neutral rating on Chewy but increased the price target from $21 to $30, indicating a more optimistic outlook.
The increase in the price target from $21 to $30 suggests that UBS sees potential upside in Chewy's stock, which could lead to positive investor sentiment and a short-term price increase. However, the Neutral rating indicates that UBS does not see a strong buy opportunity, balancing the impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100