Barclays Maintains Underweight on Revolve Gr, Lowers Price Target to $15
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Trevor Young has maintained an 'Underweight' rating on Revolve Group (NYSE:RVLV) and lowered the price target from $17 to $15.
August 04, 2023 | 3:07 pm
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NEGATIVE IMPACT
Barclays has maintained an 'Underweight' rating on Revolve Group and lowered the price target from $17 to $15.
The 'Underweight' rating maintained by Barclays indicates a negative outlook for Revolve Group. The lowering of the price target from $17 to $15 suggests that the analyst believes the stock is overvalued at its current price, which could lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100