Barclays Maintains Underweight on Revolve Gr, Raises Price Target to $15
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Trevor Young has maintained an Underweight rating on Revolve Group (RVLV) but raised the price target from $13 to $15.
May 08, 2024 | 6:15 pm
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NEUTRAL IMPACT
Barclays maintains an Underweight rating on Revolve Group but increases the price target from $13 to $15.
While the Underweight rating suggests skepticism about the stock's performance, the increase in price target from $13 to $15 indicates a slightly more optimistic outlook on its valuation. This mixed signal could lead to neutral short-term price movement as investors digest both the continued caution and the increased price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100