Is Chewy Stock's Uptrend at Risk? Analyst Turns Cautious

Chewy Inc (NYSE:CHWY) stock is down 2.8% in pre-market trading after Jefferies downgraded the pet e-commerce stock to “hold” from “buy,” despite raising its price target to $43 from$41. The brokerage pointed to valuation as its primary concern.The stock is still up 113% over the last 12 months and 41.2% year-to-date, having just hit a June 3 more than two-year high of $47.55. While yesterday ended a four-day win streak, the 10-day moving average has been a reliable floor during recent pullbacks.Analysts re ...