Chewy Stock Jumps After Fetching Double Upgrade
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Chewy Inc (NYSE:CHWY) saw its stock rise by 4.9% following a double-upgrade from BofA Global Research, which changed its rating from 'underperform' to 'buy' and increased the price target from $24 to $40.
November 20, 2024 | 4:30 pm
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Chewy Inc's stock increased by 4.9% after receiving a double-upgrade from BofA Global Research, which raised its rating to 'buy' and increased the price target to $40.
The double-upgrade from BofA Global Research is a strong positive signal for investors, indicating increased confidence in Chewy's future performance. The significant price target increase from $24 to $40 suggests potential for further stock appreciation.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100