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Pattern Group price target raised to $23 from $19 at Evercore ISI

Evercore ISI raised the firm’s price target on Pattern Group (PTRN) to $23 from $19 and keeps an Outperform rating on the shares. The company’s Q3 results exceeded expectations, showcasing robust growth as a newly public company, the analyst tells investors in a research note. The firm added that the outlook is optimistic for sustainable high growth and expanding profitability, making the current valuation attractive.

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