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Fly News Breaks for December 24, 2018
REVG
Dec 24, 2018 | 07:36 EDT
SunTrust analyst Charles Brady lowered his price target on REV Group to $8 and kept his Hold rating while also lowering his FY19 EPS view to $1.30 from $1.50 after its "rough quarter". The analyst believes that the difficult conditions will "continue plaguing the company at least for the next couple of quarters", as its "chassis issues have not been resolved". Brady also cites REV Group's internal issues such as labor shortages, adding that with no near-term fix expected, investors should "remain on the sidelines".
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