Shares of Stitch Fix (NASDAQ: SFIX) were falling today after the online styling service got hit by an analyst downgrade this morning. 

The e-commerce stock was down 9.6% as of 2:20 p.m. ET.

J.P. Morgan analyst Cory Carpenter lowered the rating on the e-commerce stock from neutral to underperform, and said 2023 could bring continued macroeconomic headwinds to Stitch Fix and the rest of the apparel sector.

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Source Fool.com