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Fly News Breaks for June 17, 2019
REVG
Jun 17, 2019 | 07:17 EDT
BMO Capital analyst Joel Tiss raised his price target on REV Group to $15.50 and kept his Outperform rating, saying the company is "turning the corner" operationally while also starting to generate margin expansion. The analyst notes that some "lingering" problems remain, such as its supply-chain inefficiencies in its Fire and Emergency segment, but believes that the stock price already reflects those issues. Tiss adds that REV Group offers "plenty" of upside potential for the long term as well as reasonable valuation.
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