Pet E-Tailer Shifts Higher on Analyst Bull Note

Pet product delivery service Chewy Inc (NYSE:CHWY) is moving 3.2% higher to trade at $30.45, buzzing off a fresh bull note out of Cowen. The brokerage initiated coverage with a "buy" rating and price target of $38, a nearly 30% upside to Tuesday's close. Today's jump puts CHWY on track for its highest close since Sept. 19, and at a comfortable 30% year-to-date gain. The ascending 50-day moving average has moved in as support, capturing the shares' recent pullback below $28. Coming into today, analyst sentim ...