Baird Downgrades Revolve Gr to Neutral, Announces $17 Price Target
Portfolio Pulse from Benzinga Newsdesk
Baird analyst Mark Altschwager has downgraded Revolve Group (NYSE:RVLV) from Outperform to Neutral and set a price target of $17.
January 04, 2024 | 1:00 pm
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NEGATIVE IMPACT
Revolve Group was downgraded by Baird from Outperform to Neutral with a new price target of $17.
Downgrades by analysts can lead to a negative perception among investors and potentially cause a short-term decline in the stock's price. The new price target of $17 may also set a lower expectation for the stock's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100