Why Chewy Stock Ticked Higher on Thursday
Usually, a stock that gets an analyst recommendation upgrade also gets a share price pop. On Thursday, (NYSE: CHWY) was fortunate enough to be the beneficiary of two such moves, and as a result its shares closed the day almost 3% higher in price. This was during a trading session when the S 500 index mustered a relatively low 0.9% increase.
The first of the two upgrades was made by Seaport Global Securities's Aaron Kessler. That morning, Kessler upped his recommendation to buy from the previous neutral, at a price target of $47 per share. That's 30% above the company's most recent closing stock price.
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Source Fool.com
Chewy Inc Stock
€28.86
0.890%
The stock is an absolute favorite of our community with 45 Buy predictions and no Sell predictions.
With a target price of 39 € there is a positive potential of 35.14% for Chewy Inc compared to the current price of 28.86 €.
