UBS lowered the firm’s price target on Revolve Group (RVLV) to $19 from $22 and keeps a Neutral rating on the shares. Revolve Group continues to execute at a high-level and its long-term prospects are good, but the company’s Q1 earnings report showed tariffs are having a larger than expected impact on the business, the analyst tells investors in a research note. The firm thinks Revolve will offset the impact of tariffs over time.
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Read More on RVLV:
- Revolve Group price target lowered to $25 from $37 at KeyBanc
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