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Fly News Breaks for September 27, 2019
REVG
Sep 27, 2019 | 04:58 EDT
BMO Capital analyst Joel Tiss downgraded REV Group to Market Perform from Outperform and lowered his price target for the shares to $11 from $12. The stock is up about 35% from recent lows following "another quarter of weak results," Tiss tells investors in a research note. The analyst says REV has been in a "seemingly constant state of restructuring" since going public in early 2017, with bigger than expected challenges and several acquisitions that has detracted from its profitability.
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