Breaking News Instant updates and real-time market news.

REVG

REV Group

$32.74

-0.05 (-0.15%)

, DDAIF

Daimler AG

$85.67

0.465 (0.55%)

08:06
01/04/18
01/04
08:06
01/04/18
08:06

REV Group forms strategic alliance with Daimler Buses

REV Group (REVG) announced that its subsidiary, REV Coach has been awarded the Daimler's (DDAIF) bus division North American sales rights to Setra Brand Coaches. Beginning January 2018, REV will sell Setra motor coaches in the U.S. and Canada. Visitors of the upcoming 2018 UMA Motorcoach EXPO in San Antonio, Texas will already find a Setra motor coach at REV's exhibition stand. REV Coach succeeds touring coach manufacturer Motor Coach Industries International as Daimler Buses general distributor in North America. To guarantee a smooth transition process long-term partner Motor Coach Industries International will remain in charge of after-sales service until June 29, 2018. Starting July 1, 2018, REV Coach will also be responsible for Setra's after-sales service. In addition to distribution of Setra coaches, the parties have agreed to a strategic partnership to jointly explore further opportunities in the North American market in the future.

REVG

REV Group

$32.74

-0.05 (-0.15%)

DDAIF

Daimler AG

$85.67

0.465 (0.55%)

  • 08

    Jan

  • 09

    Jan

REVG REV Group
$32.74

-0.05 (-0.15%)

03/15/17
BMOC
03/15/17
INITIATION
Target $32
BMOC
Outperform
REV Group initiated with an Outperform at BMO Capital
BMO Capital analyst Joel Tiss started REV Group with an Outperform rating and $32 price target.
11/17/17
RHCO
11/17/17
INITIATION
Target $33
RHCO
Buy
REV Group initiated with a Buy at SunTrust
SunTrust analyst Charles Brady initiated REV Group with a Buy rating and a $33 price target, saying the company should see "solid organic growth" along with supplementary M&A over the next several years. Brady says his bullish view is predicated on anticipated cyclical upswing of end markets, defined growth strategy, margin expansion trajectory, opportunistic M&A culture, strong management with good track record, and attractive valuation.
11/17/17
RHCO
11/17/17
INITIATION
Target $33
RHCO
REV Group initiated with a Buy at SunTrust
SunTrust analyst Charles Brady initiated REV Group with a Buy rating and a $33 price target, saying the company should see "solid organic growth" along with supplementary M&A over the next several years. Brady says his bullish view is predicated on anticipated cyclical upswing of end markets, defined growth strategy, margin expansion trajectory, opportunistic M&A culture, strong management with good track record, and attractive valuation.
12/29/17
BMOC
12/29/17
NO CHANGE
Target $35
BMOC
Outperform
REV Group operational strategy shows early positive results, says BMO Capital
BMO Capital analyst Joel Tiss says he sees "early positive results" from REV Group management's operational strategy, as well as the company's new offerings and complimentary acquisitions. Tiss says the company remains on track to continue with accretive deals, while the management's focus on cost discipline and manufacturing has "helped to transform the company" and its platforms of leading brands. The analyst keeps his Outperform rating and $35 price target on REV Group.
DDAIF Daimler AG
$85.67

0.465 (0.55%)

04/21/17
BERN
04/21/17
NO CHANGE
BERN
Daimler AG named top pick among European auto makers at Bernstein
After Daimler preannounced higher than expected profit, Bernstein analyst Max Warburton says that most of the end markets of European auto makers look set to grow going forward. The analyst thinks that the heavy truck market could resume growing, and he believes that Daimler could benefit from this trend. The analyst raised his estimates on Daimler and identifies it as his top pick among European auto makers. He keeps an Outperform rating on the shares.
05/24/17
05/24/17
NO CHANGE

Perform
Opco sees limited number of competitors for Tesla's Model 3
Oppenheimer analyst Colin Rusch believes Tesla's (TSLA) Model 3 rollout is critical to its position in Advanced Driver Assist Systems. Tesla's ability to "accelerate learning cycles related to characterizing driving behavior" is facilitated by the high volume rollout of Model 3," Rusch tells investors in a research note. His channel checks indicate just fifteen models with semi-autonomous driving technology are currently available for model years 2016/2017. These cars are offered by BMW, Mercedes-Benz, Volvo, and Tesla. The analyst notes that a RAND Corporation study estimates over 11B test miles would be necessary in order to show statistically significant evidence of the autonomous vehicle's superiority over human drivers. With Model 3 enabling high mileage data collection, Tesla can accumulate the necessary mileage within just 27 months, or by mid-2021, Rusch writes. The analyst sees the potential for Tesla's ADAS value to be "significantly higher" than Mobileye's (MBLY) acquisition price if it can control the machine learning aspect of the product development. Rusch has a Perform rating on Tesla shares. The stock closed yesterday down $6.49 to $303.86.
09/06/17
GSCO
09/06/17
UPGRADE
GSCO
Buy
Daimler AG upgraded to Buy from Neutral at Goldman Sachs
Goldman Sachs analyst Stefan Burgstaller upgraded Daimler AG to Buy and raised his price target for the shares to EUR 81 from EUR 80. The analyst believes a "roadmap for structural value creation" is emerging.
09/08/17
EVER
09/08/17
UPGRADE
EVER
Outperform
Daimler AG upgraded to Outperform from In Line at Evercore ISI

TODAY'S FREE FLY STORIES

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.