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 Stock
€23.06
0.020%
With 38 Buy predictions and 3 Sell predictions Chewy Inc is one of the favorites of our community.
As a result the target price of 28 € shows a positive potential of 21.45% compared to the current price of 23.06 € for Chewy Inc.
