In response to receiving an analyst downgrade, shares of Stitch Fix (NASDAQ: SFIX) dropped 11% as of 10:30 a.m. EDT on Thursday. Erinn Murphy, an analyst at Piper Jaffray, is the source of today's drop. While Murphy increased her near-term price target on the stock from $29 to $43, she simultaneously downgraded Stitch Fix's stock to "neutral" from "overweight."Image source: Stitch Fix.Continue reading