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Revolve Group upgraded to Buy from Hold at Jefferies

Revolve Group upgraded to Buy from Hold at Jefferies

Jefferies analyst Randal Konik upgraded Revolve Group (RVLV) to Buy from Hold with an unchanged price target of $30 after meeting with management. The firm now has greater conviction that Revolve’s artificial intelligence and personalization enhancements, owned-brand expansion, physical retail expansion, and international runway present a long-term opportunity to drive sustainable growth. Additionally, with the recent pullback, the shares offer a “compelling entry,” the analyst tells investors in a research note.

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