New brands feed Pattern's growth engine -- Jefferies

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[Business online marketing and product development concepts with customer relationship management system and enterprise resource planning.Strategic planning and data analysis] HAKINMHAN/iStock via Getty Images Pattern Group (PTRN [https://seekingalpha.com/symbol/PTRN]) rose for a fifth straight day on Thursday, gaining 6.5% after Jefferies upgraded the stock, citing the company’s ability to add new brands and use them to sharpen its proprietary models. “Pattern’s track record of delivering elevated growth across existing brand customers is now being complemented by larger contributions from new brands,” says Jefferies analyst John Colantuoni, who now sees a clearer pathway to “sustained elevated growth.