Baird initiates Chewy at outperform, says e-commerce stock can jump more than 20%

Published Wed, Jul 28 20216:48 AM EDTUpdated Wed, Jul 28 20217:41 AM EDT

A dog sits in front of the New York Stock Exchange during Chewy Inc.'s initial public offering, June 14, 2019.

Michael Nagle | Bloomberg | Getty Images

Pet-focused retailer Chewy is ready to bounce back after a sluggish first half of the year, according to investment firm Baird.

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