Online pet products retailer Chewy (CHWY) is set to report its first-quarter results. Before that event, Mizuho analyst David Bellinger downgraded Chewy. Bellinger believes that the company’s growth has been “fully embedded in expectations.” He also sees this downgrade as a “positioning call,” seeing potential “landmines” in its upcoming results.
The company is also facing a leadership change, with CFO David Reeder expected to step down from his post, which might induce some volatility. Chewy has a lot to prove in its next earnings. Should you sell the stock before that?
