Revolve Group price target raised to $33 from $24 at Baird

Baird raised the firm’s price target on Revolve Group (RVLV) to $33 from $24 and keeps a Neutral rating on the shares. The firm said they reported impressive results, with Q3/Q4-to-date sales exhibiting strong acceleration which is consistent with positive check, and margin efficiencies driving healthy earnings flow-through led by SG&A efficiencies, with GM surprisingly softer.