Revolve Group price target raised to $20 from $18 at Stifel

Stifel analyst Jim Duffy raised the firm’s price target on Revolve Group to $20 from $18 and keeps a Buy rating on the shares ahead of earnings. The firm, which is “comfortable” with Q4 estimates, expects widely understood consumer macro challenges to keep guidance conservative and argues that the risk/reward appears favorable given low expectations and bearish sentiment, as illustrated by 26% of shares held short.