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Revolve Group price target lowered to $20 from $25 at BofA

BofA analyst Lorraine Hutchinson lowered the firm’s price target on Revolve Group (RVLV) to $20 from $25 and keeps an Underperform rating on the shares. Q1 results beat expectations, but management lowered fiscal year guidance as Revolve has mid-teens direct import exposure to China, the analyst tells investors. The firm, which thinks the company’s high China import exposure will remain a risk, lowered its 2025 and 2026 EPS estimates by 42% and 53% to 45c and 43c, respectively.

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