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Fly News Breaks for December 11, 2018
SFIX
Dec 11, 2018 | 08:02 EDT
KeyBanc analyst Edward Yruma lowered his price target for Stitch Fix to $38 from $45 due to customer net adds uncertainty weighing on the stock near-term. Nonetheless, the analyst thinks that solid net customer adds, improved LTM ARPU, and gross margin expansion point to the continued growth opportunity. He reiterates an Overweight rating on the shares.
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