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Fly News Breaks for October 8, 2019
SFIX
Oct 8, 2019 | 09:04 EDT
Stifel analyst Scott Devitt said that despite the fact that some investors have expressed concerns over Stitch Fix's Q1 and FY20 profitability guidance, he thinks the company's Q4 results were "better than feared," he believes the company is right to invest to expand the platform and enhance the user experience and he sees a number of tailwinds for its longer-term growth. Devitt reiterated his Buy rating and $28 price target on Stitch Fix shares.
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