UBS Maintains Neutral on Stitch Fix, Lowers Price Target to $3.4
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Joseph Parkhill has maintained a Neutral rating on Stitch Fix (NASDAQ:SFIX) and lowered the price target from $4.2 to $3.4.

March 05, 2024 | 2:59 pm
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UBS analyst Joseph Parkhill maintains a Neutral rating on Stitch Fix and lowers the price target from $4.2 to $3.4.
The reduction in the price target by UBS suggests a bearish outlook on the stock's short-term price movement, potentially due to underlying challenges or market conditions affecting Stitch Fix. This adjustment is significant as it comes from a major financial institution, likely influencing investor sentiment and possibly leading to a decrease in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100