Chewy (NYSE:CHWY) Now Covered by Morgan Stanley
Morgan Stanley initiated coverage on shares of Chewy (NYSE:CHWY) in a report issued on Tuesday morning, Benzinga reports. The brokerage issued an equal weight rating and a $33.00 price objective on the stock.
A number of other research firms also recently weighed in on CHWY. Royal Bank of Canada reissued a sector perform rating and set a GBX 485 ($6.34) price target on shares of in a research report on Tuesday. JPMorgan Chase & Co. initiated coverage on shares of Pinduoduo in a research report on Tuesday. They set an underweight rating and a $20.48 price target for the company. Bank of America reissued a buy rating and set a $43.00 price target (up previously from $36.00) on shares of The Medicines in a research report on Tuesday. UBS Group initiated coverage on shares of Chewy in a research report on Tuesday. They set a buy rating and a $42.00 price target for the company. Finally, Wedbush initiated coverage on shares of Chewy in a research report on Thursday, June 20th. They set a neutral rating for the company. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Chewy has an average rating of Hold and an average price target of $37.44.
CHWY stock opened at $33.38 on Tuesday. Chewy has a twelve month low of $30.78 and a twelve month high of $41.34.
Chewy, Inc, together with its subsidiaries, engages in the pure play e-commerce business in the United States. The company provides pet food, pet products, pet medications, and other pet health products for dogs, cats, fish, birds, small pets, horses, and reptiles through its chewy.com retail Website, as well as its mobile applications.
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