JPMorgan analyst Cory Carpenter downgraded Stitch Fix to Underweight from Neutral without a price target. The insurance lead generation sector is the analyst’s favorite across small and mid-cap internet stocks for 2023. He believes 2023 has the potential to be another tough year for Stitch Fix as the macroeconomic environment potentially brings greater headwinds to apparel spend.
Published first on TheFly
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Read More on SFIX:
- Stitch Fix announces Kofi Amoo-Gottfried joins board
- Stitch Fix Adds Kofi Amoo-Gottfried, CMO of DoorDash to Board of Directors
- Stitch Fix price target lowered to $6 from $7 at Evercore ISI
- Stitch Fix price target lowered to $4 from $5 at Barclays
- Here’s Why Stitch Fix (NASDAQ:SFIX) Stock Fell Yesterday
