Shares of Chewy Inc. fell 2.3% in premarket trading Friday, after Wedbush analyst Seth Basham said while he's bullish on the pet products seller's long-term prospects, investors should wait for a pullback before buying given valuation concerns. Basham started coverage with a neutral rating and $30 stock price target, which is 12% below Thursday's closing price of $34.23, which is 56% above the initial public offering price of $22. Basham said Chewy has proven its ability to scale rapidly and deliver improving margins... Читать дальше...