Fly News Breaks for August 9, 2019
Aug 9, 2019 | 08:34 EDT
Jefferies analyst Randal Konik raised his price target for Revolve Group to $65 from $60 saying the company's Q2 results illustrate "robust" growth in active customers and orders, while its margins continue to rise. The quarter highlights the power of the Revolve platform to both aggregate consumers and influencers and scale profits, Konik tells investors in a research note. He keeps a Buy rating on the shares.
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