Citigroup cut the price target on Snap Inc. (NYSE: SNAP) from $16 to $10. Citigroup analyst Ronald Josey also downgraded the stock from Buy to Neutral. Snap shares fell 7% to $9.31 in pre-market trading.
Chewy Inc (NYSE: CHWY) shares are trading lower in Tuesday's after-hours session after the company reported topline results that came in below analyst estimates.
Chewy (NYSE:CHWY) reported quarterly sales of $2.43 billion which missed the analyst consensus estimate of $2.48 billion by 2.02 percent. This is a 12.76 percent increase over sales of $2.15 billion the same period last
Chewy, Inc (NYSE: CHWY) is set to print its second-quarter financial results after the market close Tuesday. The recently beaten-down stock was trading about 2.2% lower heading into the event within a solid downtrend.
Companies Reporting Before The Bell
• Photronics (NASDAQ:PLAB) is likely to report quarterly earnings at $0.50 per share on revenue of $210.00 million.
Barclays has decided to maintain its Equal-Weight rating of Chewy (NYSE:CHWY) and raise its price target from $28.00 to $30.00.
Shares of Chewy are trading up 0.08% over the last 24 hours, at $38.13 per share.
A move to $30.00 would account for a 21.32% decrease from the current share price.
Oppenheimer raised the price target on S&P Global Inc. (NYSE: SPGI) from $404 to $419. Oppenheimer analyst Owen Lau maintained an Outperform rating on the stock. S&P Global shares fell 1% to $360.46 in pre-market trading.