BofA raised the firm’s price target on Revolve Group (RVLV) to $24 from $20 and keeps an Underperform rating on the shares. While the firm expects brand building initiatives to drive sales, increased expenses will weigh on margins in the short term, the analyst tells investors in a post-earnings note.
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Read More on RVLV:
- Revolve Group price target raised to $29 from $27 at Morgan Stanley
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