Revolve Group price target raised to $27 from $24 at Roth Capital

Roth Capital analyst Matt Koranda raised the firm’s price target on Revolve Group (RVLV) to $27 from $24 and keeps a Buy rating on the shares. The company delivered a solid Q2, highlighted by better-than-expected sales growth and sustained improvement in return rates, while surprising to the upside on EBITDA and earnings, enabled by higher gross margins, the analyst tells investors in a research note.