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REVG

REV Group

$20.71

-0.735 (-3.43%)

16:07
03/20/18
03/20
16:07
03/20/18
16:07

REV Group authorizes share repurchase program of up to $50M

REV Group announced that its board of directors has approved the authorization of a share repurchase program. The authorization allows the repurchase of up to $50M of the company's outstanding common stock, effective immediately. The repurchase authorization expires in 24 months and gives management the flexibility to determine conditions under which shares may be purchased.

REVG REV Group
$20.71

-0.735 (-3.43%)

03/02/18
MSCO
03/02/18
INITIATION
Target $32
MSCO
Equal Weight
REV Group initiated with an Equal Weight at Morgan Stanley
Morgan Stanley analyst Courtney Yakavonis started coverage of truckmakers and suppliers, stating she sees limited upside to OEMs from EPS revisions and thinks potential electric vehicle disruption could pressure their multiples. Yakavonis, who thinks NAFTA Class 8 sales will peak in 2018 and is below consensus for 2019, started REV Group with an Equal Weight rating and $32 price target, citing its limited exposure to NAFTA class 8 and more heavy reliance on municipal spending and consumer strength in RVs.
03/02/18
03/02/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Home Depot (HD), Lowe's (LOW), Tempur Sealy (TPX), Mohawk (MHK), Lumber Liquidators (LL) and Michaels (MIK) initiated with a Hold at Loop Capital. The firm also started Fortune Brands (FBHS) and Wayfair (W) with a Buy. 2. Aflac (AFL), Lincoln National (LNC), Brighthouse Financial (BHF), MetLife (MET) Unum (UNM), Principal Financial (PFG) and Reinsurance Group (RGA) initiated with a Neutral at UBS. The firm also initiated Voya (VOYA) and FGL Holdings (FG) with a Buy and Torchmark (TMK) and American Equity (AEL) with a Sell. 3. HP Enterprise (HPE) initiated with a Neutral at JPMorgan. 4. Caterpillar (CAT), Deere (DE), United Rentals (URI) and Wabco (WBC) initiated with an Overweight, Oshkosh (OSK), Terex (TEX), Cummins (CMI), CNH Industrial (CNHI) and REV Group (REVG) initiated with an Equal Weight and Paccar (PCAR) and Agco (AGCO) initiated with an Underweight at Morgan Stanley. 5. Conatus (CNAT) initiated with an Outperform at Oppenheimer. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
03/09/18
WELS
03/09/18
DOWNGRADE
Target $26
WELS
Market Perform
REV Group downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo analyst Andrew Casey downgraded REV Group to Market Perform and cut his price target for the shares to $26 from $36. The analyst is "increasingly skeptical" about the company's ability to reach the high end of its fiscal 2018 guidance and fiscal 2019 10% adjusted EBITDA margin goals. He has concerns about upside potential for end markets in Recreation and Fire & Emergency.
03/09/18
RHCO
03/09/18
NO CHANGE
Target $31
RHCO
Buy
REV Group price target lowered to $31 from $39 at SunTrust
SunTrust analyst Charles Brady lowered his price target on REV Group to $31 following a 12% decline in the stock price that followed a "noisy quarter" of results for Q1. Despite the earnings beat, Brady says investors were concerned by "some transitory/timing issues on shipments unrelated to demand". The analyst also keeps his Buy rating, adding that the stock price reaction was "overly pessimistic" as REV Group continues to execute its organic growth plans and margin improvement strategy through an optimized cost structure.

TODAY'S FREE FLY STORIES

CDTI

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DUK

Duke Energy

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JNJ

Johnson & Johnson

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UAL

United Continental

$89.94

0.8 (0.90%)

17:39
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17:39
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United pilots refuse contract changes on regional routes, Reuters says »

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XLE

Energy Select Sector SPDR

$75.11

0.5132 (0.69%)

, XLU

Utilities SPDR

$53.04

0.2049 (0.39%)

17:36
09/21/18
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17:36
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17:36
General news
Week ending ETF Scorecard: Materials outperform, Utlilites slump »

S&P500 SECTORS:…

XLE

Energy Select Sector SPDR

$75.11

0.5132 (0.69%)

XLU

Utilities SPDR

$53.04

0.2049 (0.39%)

IYR

DJ US Real Estate Index Fund

$81.88

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XLP

Consumer Staples Sector SPDR

$55.02

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XLY

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$116.98

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$60.54

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XLF

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$28.73

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XLV

Health Care Select Sector SPDR

$94.26

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XLK

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$74.68

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Industrial Select Sector SPDR

$79.71

0.2338 (0.29%)

GLD

SPDR Gold Trust

$113.48

-0.77 (-0.67%)

SLV

iShares Silver Trust

$13.44

-0.01 (-0.07%)

USO

United States Oil Fund

$14.95

0.145 (0.98%)

UNG

United States Natural Gas Fund

$24.60

0.235 (0.96%)

HYG

iShares iBoxx $ High Yield Corporate Bond

$86.24

0.05 (0.06%)

LQD

iShares iBoxx $ Investment Grade Corporate Bond

$114.72

0.04 (0.03%)

TLT

iShares 20+ Year Treasury Bond Fund

$117.12

-0.02 (-0.02%)

IEF

iShares 7-10 Year Treasury Bond ETF

$101.00

0.03 (0.03%)

SHY

iShares 1-3 Year Treasury Bond

$83.05

0.02 (0.02%)

IWD

iShares Russell 1000 Value

$129.51

0.13 (0.10%)

IWF

iShares Russell 1000 Growth

$155.30

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OHGI

One Horizon Group

$0.18

-0.0088 (-4.63%)

17:34
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CYTX

Cytori Therapeutics

$0.41

-0.033 (-7.38%)

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NEM

Newmont Mining

$31.56

0.05 (0.16%)

17:22
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  • 23

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CB

Chubb

$139.87

-0.05 (-0.04%)

17:22
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Chubb CEO Greenberg sells $8.6M in common stock »

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VTVT

vTv Therapeutics

$0.80

0.0096 (1.21%)

17:21
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vTv says FDA advised that azeliragon efficacy be shown in at least 2 trials »

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VYGR

Voyager Therapeutics

$18.21

-0.27 (-1.46%)

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Breaking Hot Stocks news story on Voyager Therapeutics »

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GNRC

Generac

$57.99

-0.02 (-0.03%)

17:16
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Generac announces new $250M share repurchase program »

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GBNK

Guaranty Bancorp

$30.20

-0.5 (-1.63%)

, IBTX

Independent Bank

$67.60

-1.15 (-1.67%)

17:13
09/21/18
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Conference/Events
Independent Bank to host special shareholder meeting »

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GBNK

Guaranty Bancorp

$30.20

-0.5 (-1.63%)

IBTX

Independent Bank

$67.60

-1.15 (-1.67%)

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  • 24

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HRS

Harris

$164.33

1.685 (1.04%)

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PMBC

Pacific Mercantile Bancorp

$9.25

-0.5 (-5.13%)

17:10
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  • 07

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WSC

WillScot

$17.10

-0.05 (-0.29%)

17:10
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Breaking Syndicate news story on WillScot »

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DTEA

DAVIDsTEA

$2.50

-0.9 (-26.47%)

17:09
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Breaking Hot Stocks news story on DAVIDsTEA »

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NYT

New York Times

$23.45

0.3 (1.30%)

, EXPE

Expedia

$133.73

-0.77 (-0.57%)

17:08
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Hot Stocks
Expedia president Bhutani joins New York Times board »

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NYT

New York Times

$23.45

0.3 (1.30%)

EXPE

Expedia

$133.73

-0.77 (-0.57%)

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IBTX

Independent Bank

$67.60

-1.15 (-1.67%)

, GBNK

Guaranty Bancorp

$30.20

-0.5 (-1.63%)

17:08
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Conference/Events
Guaranty Bancorp to host special shareholder meeting »

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IBTX

Independent Bank

$67.60

-1.15 (-1.67%)

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Guaranty Bancorp

$30.20

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  • 24

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MPC

Marathon Petroleum

$83.37

1.44 (1.76%)

, ANDV

Andeavor

$154.80

2.19 (1.44%)

17:01
09/21/18
09/21
17:01
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17:01
Conference/Events
Andeavor to host special shareholder meeting »

Special Shareholder…

MPC

Marathon Petroleum

$83.37

1.44 (1.76%)

ANDV

Andeavor

$154.80

2.19 (1.44%)

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ANDV

Andeavor

$154.80

2.19 (1.44%)

, MPC

Marathon Petroleum

$83.37

1.44 (1.76%)

16:59
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Conference/Events
Marathon Petroleum to host special shareholder meeting »

Special Shareholder…

ANDV

Andeavor

$154.80

2.19 (1.44%)

MPC

Marathon Petroleum

$83.37

1.44 (1.76%)

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  • 24

    Sep

EPRT

Essential Properties Realty Trust

$14.49

-0.015 (-0.10%)

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Breaking Hot Stocks news story on Essential Properties Realty Trust »

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BBSI

Barrett Business

$63.67

0.04 (0.06%)

16:43
09/21/18
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SEC says Barrett Business to pay $1.5M penalty over improper accounting »

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SIGA

Siga Technologies

$7.25

0.5 (7.41%)

16:42
09/21/18
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Conference/Events
Siga Technologies to host business news update conference call »

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  • 27

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SPY

SPDR S&P 500 ETF Trust

$292.03

-0.1774 (-0.06%)

, USO

United States Oil Fund

$14.95

0.145 (0.98%)

16:36
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General news
Weekly CFTC Commitment of Traders highlights »

S&P500 net long 0.1K…

SPY

SPDR S&P 500 ETF Trust

$292.03

-0.1774 (-0.06%)

USO

United States Oil Fund

$14.95

0.145 (0.98%)

GLD

SPDR Gold Trust

$113.48

-0.77 (-0.67%)

FXE

Euro Currency Trust

$112.55

-0.27 (-0.24%)

FXC

CurrencyShares Canadian Dollar Trust

$76.37

-0.09 (-0.12%)

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