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Figs upgraded to Overweight from Sector Weight at KeyBanc

KeyBanc upgraded Figs (FIGS) to Overweight from Sector Weight with a $17 price target Better than expected results showcase Figs’ focus on delivering profitable, sustainable growth, argues the analyst, who believes this quarter’s results “mark a clear inflection beyond pandemic normalization,” supported by initiatives such as TEAMS, international, and product innovation.

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