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Chewy Stock Has 70% Upside, According to 1 Wall Street Analyst
CHWYChewy(CHWY) The Motley Fool·2024-03-22 13:16

Chewy (CHWY -10.26%) is struggling to maintain a high growth rate as households ease off the heavy pet adoption rate seen during the height of the pandemic. While growth slows, analysts at Morgan Stanley are instead keyed into the profit story.The analysts noted that the macroeconomic environment is a concern, but they believe the pet goods retailer will be able to boost margins despite lackluster growth. As a result, Morgan Stanley initiated an overweight rating on Chewy stock with a price target of $27. B ...