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.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge-fund level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on REVG:
- Hold Rating on REV Group Amid Merger with TEX: Shifting Stock Drivers and Cautious Outlook
- DraftKings, Flutter downgraded: Wall Street’s top analyst calls
- Terex upgraded to Equal Weight from Underweight at Morgan Stanley
- REV Group price target lowered to $55 from $64 at Morgan Stanley
- REV Group downgraded to Neutral from Buy at DA Davidson