Piper Sandler upgrades Chewy to overweight from neutral "While top line trends are likely still muted, CHWY appears to be at a profitability inflection point aided by both gross margin expansion (mix shift to higher margin revenue streams, well controlled discounting—2Q24 below last year's levels on average, according to our checks) and SG & A leverage (automation and efficiency gains)." JMP upgrades Warby Parker to market outperform from market perform "We are raising our top- and bottom-line estimates to reflect our company and industry analysis, and we see upside to shares as near-term industry volatility subsides and WRBY continues to expand its holistic vision care offering and increase in-network coverage."