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

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A dog sits in front of the New York Stock Exchange (NYSE) during Chewy Inc.'s initial public offering (IPO) in New York, U.S., on Friday, 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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