Chewy Inc

NYSE:CHWYUnited States

Nov 20, 2024

Show headlines and story abstract

• DJ Chewy Stock Rises Sharply on Double Upgrade from BofA -- Barrons.com, from 1:15PM ET on Wednesday Nov 20, 2024 by Dow Jones

  1:15PM ET on Wednesday Nov 20, 2024 by Dow Jones
  Companies Mentioned: CHWY
  
  By Emily Dattilo
  
  Chewy is a winner as the pet industry gets out of the doghouse, BofA Securities argued on Wednesday.
  
  Analysts led by Curtis Nagle upgraded shares of the pet-supplies retailer to Buy from Underperform and raised their target for the price to $40 from $24.
  

• DJ Chewy Set For Significant Earnings Growth, BofA Says -- Market Talk, from 12:08PM ET on Wednesday Nov 20, 2024 by Dow Jones

  12:08PM ET on Wednesday Nov 20, 2024 by Dow Jones
  Companies Mentioned: CHWY
  
  1208 ET - Investors should be wagging their tails in excitement at Chewy's growth prospects. The pet industry is improving, and the online retailer has an opportunity for significant earnings growth in the coming years, Bank of America analysts say in a research note. Pet adoption trends have steadily improved since the beginning of the year, they say. And pet spend, despite being down year-over-year, appears to have bottomed, setting the stage for a return to growth. Chewy additionally stands to benefit from its subscription-like model; low exposure to discretionary categories--which should also minimize China tariff exposure; and historically consistent trends in the pet category, the analysts say. BofA double upgrades Chewy to buy from underperform and raises the price target to $40 from $24. Chewy climbs 4.7% to $34.48 and is up 46% year-to-date. (connor.hart@wsj.com)
  

• Chewy Poised for 'Significant' Earnings Growth, BofA Says in Upgrade, from 10:41AM ET on Wednesday Nov 20, 2024 by MT Newswires

  10:41AM ET on Wednesday Nov 20, 2024 by MT Newswires
  Companies Mentioned: CHWY
  10:41 AM EST, 11/20/2024 (MT Newswires) -- Chewy (CHWY) is expected to see "significant" earnings growth amid improving industry trends and expense discipline, BofA Securities said Wednesday. BofA expects the industry to return to consistent growth ...