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institutional investors increase stakes in chewy amid positive analyst ratings
Cerity Partners LLC increased its stake in Chewy by 42.4% in Q3, now holding 15,324 shares valued at $449,000. Bank of Montreal Can raised its stake by 261.2%, owning 158,166 shares worth $4.7 million, while FMR LLC boosted its holdings by 166.8% to 3.99 million shares valued at $117 million. Analysts have a consensus "Moderate Buy" rating for Chewy, with a target price raised to $40 by JPMorgan Chase & Co., indicating a potential upside of 20.49%.
chewy stock sees increased institutional investment and positive analyst ratings
Polar Asset Management Partners Inc. increased its stake in Chewy by 26.5%, owning 288,733 shares valued at $9.67 million. Barclays raised Chewy's target price from $40 to $44, indicating a potential upside of 34.22%. The stock has a "Moderate Buy" rating, with 93.09% of shares held by institutional investors.
Emcure Pharmaceuticals reports strong Q2 growth in revenue and profit margins
Emcure Pharmaceuticals reported a 20.4% year-on-year revenue growth for Q2FY25, reaching ₹2,002 crore, driven by a 25% increase in international sales, particularly in Canada. Domestic sales grew by 15.4% to ₹933 crore, supported by a Sanofi distribution agreement. Profit After Tax surged 38.2% to ₹202 crore, with EBITDA margins improving to 20.8%.
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