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Farfetch price target lowered to $4 from $6 at Citi

Citi analyst Catherine O’Neill lowered the firm’s price target on Farfetch to $4 from $6 and keeps a Sell rating on the shares. The analyst remains "skeptical" on further contract wins and is cautious on the risk of an ongoing promotional environment due to pressure on consumer discretionary spend.

Published first on TheFly

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