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Fly News Breaks for February 28, 2020
FTCH
Feb 28, 2020 | 06:43 EDT
KeyBanc analyst Edward Yruma lowered the firm's price target on Farfetch to $17 from $20 and keeps an Overweight rating on the shares following the company's Q4 results. In a research note to investors, Yruma says he believes Farfetch's pivot into 1P and e-concession will drive significant growth. Risk/reward remains very attractive, the analyst says.
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