Piper Sandler Maintains Underweight on Stitch Fix, Lowers Price Target to $2.5
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Erinn Murphy maintains an Underweight rating on Stitch Fix (NASDAQ:SFIX) and lowers the price target from $3 to $2.5.
September 19, 2023 | 12:38 pm
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NEGATIVE IMPACT
Piper Sandler has maintained an Underweight rating on Stitch Fix and lowered the price target from $3 to $2.5, which could negatively impact the stock's price.
The lowered price target by Piper Sandler indicates a bearish outlook for Stitch Fix. This could lead to a decrease in the stock's price as it suggests that the analyst believes the stock is currently overvalued.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100