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home / news releases / CHWY - Trupanion stock gains after Bank of America upgrades to Buy

CHWY - Trupanion stock gains after Bank of America upgrades to Buy

Chewy Inc. Class A
Trupanion (NASDAQ:TRUP) stock is rising ~6% after BofA Securities upgrades the pet care insurer to Buy from Neutral, saying its recent 17% drop is overblown. Trupanion (TRUP) shares dropped last week after Q4 earnings missed consensus and its 53.2K gross new subscription pet additions trailed BofA's estimate of 59.6K. While BofA expects new pet growth in 2022 to be "less robust" than it was in 2021, "we expect growth to re-accelerate in 4Q22 as the Aflac (NYSE:AFL), Chewy (NYSE:CHWY), and State Farm sales channels come online in earnest." BofA's Buy recommendation clashes with Quant rating of Sell, but aligns with the average Wall Street rating of Buy.

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Trupanion stock gains after Bank of America upgrades to Buy
Stock Information
Company Name: Chewy Inc. Class A
Stock Symbol: CHWY
Market: NYSE
Website: chewy.com
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