Chewy Inc. (CHWY) KPIs Likely to Improve in FY22, Wolfe Research Previews Earnings
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'This Dog Isn’t Running as Fast': Wedbush Downgrades Chewy (CHWY) to Neutral on Disappointing Customer Growth; Upgrades Petco (WOOF) to OP
December 6, 2021 8:35 AM ESTWedbush analyst Seth Basham downgraded shares of Chewy (NYSE: CHWY) to Neutral from Outperform and slashed the price target to $70.00 per share from the prior $90.00.
Basham decided to move to the sidelines as the firms projections point towards at best in-line results for 2H21 and growth below consensus in 2022.
Net active customer growth has disappointed in 1H21 and we expect further disappointment in 2H21 driven... More
