Chewy price target lowered to $33 from $35 at Barclays

Barclays analyst Trevor Young lowered the firm’s price target on Chewy to $33 from $35 and keeps an Equal Weight rating on the shares post the Q4 results. The analyst says the declines in active customers raises questions "as headwinds should have been abating." Chewy’s fiscal 2023 margin outlook is softer than expected and while its international expansion is moving to the forefront, details are still light, the analyst tells investors in a research note.