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Fly News Breaks for February 21, 2020
CHWY
Feb 21, 2020 | 06:19 EDT
RBC Capital analyst Mark Mahaney upgraded Chewy to Outperform from Sector Perform with an unchanged $38 price target. The analyst sees FY20 as a profitability inflection year for the company and believes that the stock offers "highly favorable" risk-reward given its "strong sustainable fundamentals", including 25% annual revenue growth and "materially" expanding margins.
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CHWY
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