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Fly News Breaks for December 10, 2019
SFIX
Dec 10, 2019 | 08:34 EDT
Baird analyst Mark Altschwagger raised his price target on Stitch Fix to $33 from $28 following Q1 results which were ahead of expectations. The analyst said it was fueled by healthy top-line momentum and better than expected margins. He said the results reinforced his positive view of the business and he sees significant whitespace ahead as the company invests in new categories. Altschwagger reiterated his Outperform rating on Stitch Fix shares..
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