Revolve Group price target raised to $36 from $35 at Roth MKM

Roth MKM raised the firm’s price target on Revolve Group (RVLV) to $36 from $35 and keeps a Buy rating on the shares. The company delivered a strong Q4, highlighted by accelerating growth, as customer engagement improved, and a strong full-price selling environment sustained, the analyst tells investors in a research note. Bulls will point to a significant improvement in return rates and sustained operating leverage return rates, Roth adds, noting that it remains constructive despite the somewhat mixed year-to-date sales growth commentary.