BMO Capital analyst Joel Tiss lowered his price target on REV Group to $12 after its Q3 earnings miss and a cut in FY19 guidance. The analyst notes that the company's issues around labor and production inefficiencies continued during the quarter, while the overall RV market was softer than anticipated with wholesale deliveries weaker than retail sales. Tiss still keeps his Outperform rating on REV Group stock longer term, stating that the fundamental demand in the company's Fire & Emergency and Commercial markets remains solid while its backlog offers some visibility for next year and beyond.