UBS Lowers Price Target for Chewy to $24 Amid Macroeconomic Concerns
UBS has reduced its price target for Chewy (CHWY) from $32 to $24, citing macroeconomic pressures and the company's maturation. Despite a profitable first-quarter report with 7.7% year-over-year sales growth and improved profitability metrics, UBS maintains a 'Neutral' rating on the stock.
Tickers: $CHWY
Topics: Chewy Earnings Macroeconomic Pressures UBS