Revolve Group price target raised to $17 from $12 at Wedbush

Wedbush raised the firm’s price target on Revolve Group to $17 from $12 and keeps a Neutral rating on the shares. Though Revolve still faces intense macro challenges, it showed “impressive resilience” in Q4, with revenues declining less than expected and margins beating guidance on several fronts. Wedbush doesn’t think it is out of the woods just yet, but after two tough years in a row, this seems like a much-needed step in the right direction.