$Chewy(CHWY)$ Chewy (NYSE:CHWY) jumps in early trading after Morgan Stanley upgrades the pet products stock to Overweight on a valuation call following the 33% drop over the last 90 days.The firm likes Chewy's position as the top online pet products seller in a market experiencing secular growth. Analyst Lauren Cassel and team think Chewy's revenue will double by 2024.Morgan Stanley assigns a price target of $30 on Chewy.