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.