JP Morgan Downgrades Chewy to Neutral, Lowers Price Target to $24
JP Morgan analyst Doug Anmuth downgrades Chewy (NYSE:CHWY) from Overweight to Neutral and lowers the price target from $29 to $24.
A big investment bank just said Chewy stock looks less exciting than before, so they lowered how high they think its price should go. When smart investors change their minds and become less hopeful, it hints the company might face tougher times ahead.
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