Revolve Group falls after brokerages cut PT

Revolve

02/11/2023 11:11

** Shares of Revolve Group  RVLV.N  down 11.5% at $11.95
premarket
    ** Several brokerages, including Jefferies, BofA Global
Research, cut PT
    ** Jefferies cuts PT to $17 from $22, BofA Global Research
reduces PT to $10.5 from $11.5
    ** Co in after-market hours on Wednesday reported Q3 profit
of 4 cents/shr vs analysts estimate of 10 cents/shr - LSEG
    ** Of 17 analysts covering RVLV, 7 have "buy" or higher
ratings, 8 have "hold" and 2 have "sell" ratings; median PT is
$16 - LSEG data
    ** As of last close, shares down 39.3% YTD

 (Reporting by Jaiveer Singh Shekhawat in Bengaluru)
 ((JaiveerSingh.Shekhawat@thomsonreuters.com;))