Why Chewy Stock Was Slipping Today
Shares of Chewy (NYSE: CHWY) are being sent to the doghouse today, pulling back after Oppenheimer downgraded the stock this morning and Walmart opened up its first pet services center.
As a result, the stock was down 4% as of 12:06 p.m. ET.
First, Oppenheimer analyst Rupesh Parikh lowered his rating on the stock to perform from outperform, saying he sees the challenging backdrop facing the company persisting for at least a few quarters. The pet products sector has struggled following the pet spending boom during the pandemic, with growth slowing significantly since then.
Source Fool.com
Chewy Inc Aktie
19,60 €
0,00 %
Starke Kaufsignale für Chewy Inc: Keine Sell-Einschätzungen, nur Buy-Einschätzungen.
Das von der Community festgelegte Kursziel für Chewy Inc von 36 € impliziert eine deutliche Steigerung gegenüber dem aktuellen Kurs von 19.6 €.
