REV Group price target lowered to $55 from $64 at Morgan Stanley

Morgan Stanley lowered the firm’s price target on REV Group (REVG) to $55 from $64 and keeps an Equal Weight rating on the shares. The firm sees “good strategic value” in the company’s merger with Terex (TEX). However, the timing, structure and overall value of the deal to both parties “points to elevated risk,” the analyst tells investors in a research note. It believes dilution and questions about the underlying value of the combined aerials business could weigh on share performance