Revolve Group assumed with a Neutral at UBS

UBS analyst Jay Sole assumed coverage of Revolve Group with a Neutral rating with a price target of $20, up from $16. The company delivered solid Q4 results amid a challenging market environment for luxury apparel, but most of its growth prospects are already priced into the stock, the analyst tells investors in a research note. UBS adds that the firm needs more visibility on whether the company will be able to solve issues surrounding its elevated return rate.