Truist Securities Maintains Hold on Stitch Fix, Lowers Price Target to $3.5
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Youssef Squali has maintained a Hold rating on Stitch Fix (NASDAQ:SFIX) but lowered the price target from $4 to $3.5.

March 05, 2024 | 3:21 pm
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NEGATIVE IMPACT
Truist Securities maintains a Hold rating on Stitch Fix but lowers the price target from $4 to $3.5.
The lowering of the price target by Truist Securities indicates a less optimistic outlook on Stitch Fix's stock price in the short term. This adjustment reflects concerns or revised expectations about the company's future performance, which could lead to decreased investor confidence and potentially a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100