Last Friday, Wells Fargo (NYSE: WFC) analyst Ike Boruchow upgraded Stitch Fix to equal weight from underweight and set a $4 price target. What happened Shares of Stitch Fix (NASDAQ: SFIX) jumped 12.6% this week compared to where they closed last Friday, according to data from S&P Global Market Intelligence, after the online apparel subscription service received a ratings upgrade from Wall Street. The problems plaguing Stitch Fix are the same as those facing the rest of the retail industry: Rampant inflation and elevated energy costs have consumers targeting where they spend their money.