Baird analyst Justin Kleber lowered the firm’s price target on Chewy to $30 from $40 and keeps an Outperform rating on the shares. The firm expects an in-line 3Q print but notes consensus sales expectations for 4Q23/FY24 look high, so the shares have a tricky tactical setup even with sentiment being awful.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on CHWY: