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Piper still bullish on Stitch Fix

Published 12/20/2017, 10:34 AM
© Reuters.  Piper still bullish on Stitch Fix
SFIX
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  • Piper Jaffray's Erinn Murphy thinks investors aren't seeing the big picture yet on Stitch Fix (SFIX -10.1%). While some key metrics fell during the quarter, she notes that the launch into new categories is going well.
  • "We are encouraged by commentary around new mediums performing ahead of expectations and sequential improvement around SFIX’s three TV campaigns launched to date," writes Murphy.
  • Piper keeps an Outperform rating and $29 price target on the retail upstart.
  • Sources: Bloomberg, CNBC
  • Previously: Stitch Fix beats by $0.01, beats on revenue (Dec. 19)
  • Previously: Stitch Fix -11% in first earnings report as public company (Dec. 19)
  • Previously: Margin worries at Stitch Fix (Dec. 20)
  • Now read: Chefs' Warehouse completes share offering


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