Barclays Maintains Equal-Weight on Stitch Fix, Lowers Price Target to $3
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Trevor Young has maintained an Equal-Weight rating on Stitch Fix (NASDAQ:SFIX) but has reduced the price target from $4 to $3.
December 11, 2023 | 1:30 pm
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NEGATIVE IMPACT
Barclays analyst Trevor Young maintains an Equal-Weight rating on Stitch Fix but lowers the price target from $4 to $3, indicating a potential downside or limited upside.
The reduction in price target by Barclays suggests that the analyst sees less potential for price appreciation in Stitch Fix's stock, which could lead to negative sentiment among investors and a possible decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100