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Fly News Breaks for July 1, 2019
SFIX
Jul 1, 2019 | 06:22 EDT
Needham analyst Rick Patel started Stitch Fix with a Hold rating and no price target. There's a lot to like about the company but expectations have risen following the recent stock rally and visibility on U.K. investment spend is low, Patel tells investors in a research note. As a result, the analyst prefers to wait for a better entry point or greater conviction on the potential for upside to estimates.
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