Baird analyst Mircea Dobre downgraded REV Group (REVG) to Neutral from Outperform with a price target of $55, down from $64. The firm says the company’s merger with Terex (TEX) has removed its “idiosyncratic” share drivers. The merger has the potential to create meaningful longer-term value, but this thesis is now for a different stock, the analyst tells investors in a research note.
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