Nomura Begins Coverage on Chewy (NYSE:CHWY)
Nomura assumed coverage on shares of Chewy (NYSE:CHWY) in a report released on Tuesday, BenzingaRatingsTable reports. The brokerage issued a neutral rating and a $36.00 price target on the stock.
A number of other equities research analysts have also recently commented on CHWY. JPMorgan Chase & Co. assumed coverage on Pinduoduo in a research note on Tuesday. They issued an underweight rating and a $20.48 price target for the company. William Blair assumed coverage on Chewy in a research note on Tuesday. They issued an outperform rating for the company. Morgan Stanley decreased their price target on Virtus Investment Partners from $121.00 to $118.00 and set an equal weight rating for the company in a research note on Tuesday. Raymond James set a C$31.00 price target on Endeavour Mining and gave the company an outperform rating in a research note on Tuesday. Finally, Bank of America reiterated a buy rating and issued a $43.00 price target (up from $36.00) on shares of The Medicines in a research note on Tuesday. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $37.44.
Shares of CHWY stock opened at $33.38 on Tuesday. Chewy has a 1-year low of $30.78 and a 1-year 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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