Executives of Revolve celebrate their IPO at the NYSE June 7, 2019.
Check out the companies making headlines in midday trading:
Revolve— E-commerce retailer Revolve surged 9% after the newly public company garnered two buy ratings on Wall Street on Tuesday. Guggenheim initiated coverage with a buy rating and a $50 price target, saying the company operates in a “growing online retail space.” Raymond James initiated coverage with an outperform rating and a price target of $42. Raymond said Revolve has become a leading fashion brand for millennials and Revolve’s social and influencer marketing strategies are “driving strong growth and cost efficiently.”
T-Mobile, Dish, Sprint— Shares of T-Mobile, Dish and Sprint rose 1%, about 2% and nearly 4% respectively after CNBC’s David Faber reported that Dish and T-Mobile have agreed to a divestiture deal that brings the wireless carrier closer to getting government approval of its merger with Sprint, citing sources. The…