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Pet Products Company Chewy Fetches ‘Outperform’ Rating as Wedbush Sees Growth

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Online pet products company Chewy (NYSE:CHWY) climbed Friday morning, rising 4% after the stock was upgraded from Neutral to Outperform by analysts at Wedbush. Wedbush also raised its price target on the stock from $35 to $55, suggesting upside of 25% from Thursday's close.


"We significantly exceeded the EPS guidance we provided at the beginning of last year despite challenging global business conditions," said Robert Ford, chairman and chief executive officer of Abbott. "Our R&D pipeline continues to be highly productive with several recent and upcoming new product launches that position us well going forward."






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