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Chewy Stock Jumps After Fetching Double Upgrade
CHWYChewy(CHWY) Schaeffers Investment Research·2024-11-20 16:10

Chewy Inc (NYSE:CHWY) is up 4.9% at 34.54atlastglance,afterararedouble−upgradefromBofAGlobalResearchto"buy"from"underperform,"withaloftyprice−targethiketo34.54 at last glance, after a rare double-upgrade from BofA Global Research to "buy" from "underperform," with a lofty price-target hike to 40 from 24.Thefirmnotedthatpetadoptionisupsincethebeginningoftheyear,whilepetspendinghasreachedalowpointandcouldbedueforarebound.Increasedwebtraffic,amongotherthings,wasalsoafactor. Today′spophasCHWYinchingabovethe24. The firm noted that pet adoption is up since the beginning of the year, while pet spending has reached a low point and could be due for a rebound. Increased web traffic, among other things, was also a factor. Today's pop has CHWY inching above the 34 region, which capped rallies in mid September and earlier this month. ...