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.
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Published first on TheFly
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- Stitch Fix price target lowered to $6 from $7 at Evercore ISI
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