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- Wall St rises on the day but falls for the week; bond yields and Iran in focus
- UBS says bull market has further to run
- S&P 500 may pull back before midterms, but Citi says buy the dip
- Global yield relief evaporates as U.S. rates push back toward multi-decade peaks
- BofA's Hartnett sees dollar slump, risk selloff if bond intervention fails
- Applied Optoelectronics sets up $600M at-the-market stock offering
- Fannie Mae loses at least 10 senior executives amid departures - WSJ
- Wall St rises on the day but falls for the week; bond yields and Iran in focus
- One killed, three injured when man attacks Swedish school with sword
- Morgan Stanley course-corrects their semiconductor equipment outlook on demand
Deutsche Bank Downgrades Chewy Inc. (CHWY) to Hold, 'A Prolonged Puppy Pause'
March 23, 2023 5:09 AM EDTDeutsche Bank analyst Leo Horowitz downgraded Chewy Inc. (NYSE: CHWY) from Buy to Hold with a price target of $35.00 (from $41.00).
The analyst comments "Chewy delivered 4Q results that came in ahead of our more cautious outlook, with pricing being the primary upside driver across the P&L. That said, consistent with our checks, users returned to declines in the 4Q, with Chewy seeing users decline by ~120k in the quarter. Most concerning to us, the outlook for 2023... More
