Baird analyst Mark Altschwager lowered the firm’s price target on Revolve Group (RVLV) to $23 from $25 and keeps a Neutral rating on the shares. The firm updated its model following decent Q1 results where tariffs weighed heavily on its near-term outlook.
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Read More on RVLV:
- Revolve Group price target lowered to $19 from $22 at UBS
- Revolve Group price target lowered to $20 from $25 at BofA
- Revolve Group price target lowered to $25 from $37 at KeyBanc
- Cautious Outlook on Revolve Group Amid Tariff Pressures and Declining Consumer Spending
- Revolve Group’s Financial Outlook Hampered by Tariffs: Analyst Maintains Hold Rating