Evercore ISI analyst Mark Mahaney lowered the firm’s price target on Stitch Fix to $6 from $7 and keeps an In Line rating on the shares following the company’s "mixed" fiscal Q1 report and guidance. The "good news" is management’s laser focus on achieving EBITDA profitability, but the "bad news" is that the company has yet to demonstrate a clear path of recovery in revenue and active customers growth, said Mahaney, who is more cautious on Stitch Fix following the quarterly report.
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Published first on TheFly
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