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Fly News Breaks for January 30, 2020
SFIX
Jan 30, 2020 | 07:41 EDT
DA Davidson analyst John Morris upgraded Stitch Fix to Buy from Neutral with a price target of $29, up from $27. The analyst sees "multiple catalysts" for the company's upcoming year that would allow its active client growth and revenue per client to exceed expectations. Morris adds that the company's "direct-buy functionality is starting to gain real traction, re-engaging clients and driving more wallet share."
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