Why Chewy Stock Soared by 6% Today

It's an analyst favorite for a clutch of reasons. Next-generation pet supplies specialist Chewy (CHWY 6.03%) was quite the flavorful stock to own on Tuesday. While there wasn't any fresh news of consequence from the company itself, a new research note from a bullish analyst helped propel the shares higher. They closed the day up 6% in price, easily beating the 0.5% increase of the S&P 500 index. Reiterating a solid buy recommendation That analyst was Alexandra Steiger of white-shoe investment bank Goldman S ...