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Fly News Breaks for February 26, 2020
Feb 26, 2020 | 08:37 EDT
Guggenheim analyst Robert Drbul lowered the firm's price target on Revolve Group to $21 from $30 after the company reported lower than expected sales and gross margins in Q4. While disappointed by the top line miss, he remains positive on the long-term outlook and believe the headwinds should prove transitory, leading Drbul to keep a Buy rating on Revolve shares.
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