Positive Momentum and Growth Prospects for Chewy Driven by Expanding Customer Base and Strategic Initiatives
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Bill Kerr from TD Cowen maintains a Buy rating on Chewy with a $48 target, citing positive momentum from a growing customer base and strategic initiatives like Autoship service and SmartPak Equine acquisition. Barclays also maintains a Buy rating with a $47 target. Chewy's revenue growth prospects are supported by increased market penetration and customer loyalty.
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