Analyst: Chewy Stock Offers Attractive Entry Point

Barclays upgraded Chewy Inc (NYSE:CHWY) to "overweight" from "equal-weight," and raised its price objective to $30 from $19. The analyst in coverage said the pet e-tailer is insulated against competition from Chinese e-commerce name Temu, and now offers an attractive entry point, with revenue expected to grow in the second half of the year.The brokerage bunch was optimistic toward CHWY coming into today, with 14 of the 23 firms in question calling it a "buy" or better. Plus, the 12-month consensus target p ...