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Chewy price target raised to $50 from $45 at Baird
The Fly

Chewy price target raised to $50 from $45 at Baird

Baird analyst Justin Kleber raised the firm’s price target on Chewy to $50 from $45 and keeps an Outperform rating on the shares. The analyst said they delivered better than expected results and its top line should remain relatively resilient in the face of macro pressures. He said when combined with solid progress on profitability the raised 2022 adjusted-EBITDA guidance still seemingly leaves room for upside.

Published first on TheFly

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