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Fly News Breaks for December 17, 2018
SFIX
Dec 17, 2018 | 07:49 EDT
Wells Fargo analyst Ike Boruchow lowered his price target for Stitch Fix to $22 and keeps a Market Perform rating on the shares after speaking to management. Given the slowdown in Stitch Fix's member growth, combined with questions around the near-term margin trajectory of the model, it will be "very difficult" to see multiple expansion from current levels absent a shift in the business trajectory, Boruchow tells investors in a research note.
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