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Stitch Fix price target lowered to $5 from $6 at Telsey Advisory

Telsey Advisory lowered the firm’s price target on Stitch Fix (SFIX) to $5 from $6 and keeps a Market Perform rating on the shares. While Q2 results were solid and the firm is encouraged by topline momentum, the macro backdrop remains challenging and visibility to client growth remains uncertain, the analyst tells investors.

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