Stock Track | Chewy Plummets 5.02% Intraday After Citi Lowers Price Target

Stock Track

03/28

Chewy, Inc. (CHWY) shares plummeted 5.02% during intraday trading on Friday, marking a significant decline for the pet products retailer.

The sharp drop followed news that Citi lowered its price target on Chewy to $40 from $42, though the firm maintained its Buy rating on the shares. Analysts cited the company's upcoming fourth-quarter report as a factor in their revised assessment, which likely contributed to negative investor sentiment and selling pressure during the trading session.

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(CHWY) shares plummeted 5.02% during intraday trading on Friday, marking a significant decline for the pet products retailer.</p><p>The sharp drop followed news that Citi lowered its price target on Chewy to $40 from $42, though the firm maintained its Buy rating on the shares. 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