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Fly News Breaks for November 6, 2019
RVLV
Nov 6, 2019 | 17:39 EDT
Credit Suisse analyst Michael Binetti is keeping his Outperform rating and $38 price target on Revolve Group ahead of its Q3 results, saying the company's combination of established profitability and "strong" above 20% revenue growth is "increasingly scarce". The analyst notes that the upcoming quarter result may be less of an upside driver for the stock and warns that List 4 tariffs could limit 2019 guidance, but believes that the incremental risk has been priced in after a 26% decline in the stock price since the company's Q2 earnings call.
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