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Fly News Breaks for February 3, 2020
Feb 3, 2020 | 16:34 EDT
BMO Capital analyst Simeon Siegel initiated coverage of Stitch Fix (SFIX) with a Market Perform rating and $24 price target. The analyst said that Stitch Fix "stands out" among digital fashion sellers as it has 3.4M customers driving $1.6B in revenues, however the analyst said he would await better entry points in the stock to get constructive. Siegel also noted that it "remains to be seen" whether Stitch Fix will be able to continue growing the top line if it eases off the investments.
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