REV Group price target raised to $34 from $30 at Goldman Sachs

Goldman Sachs analyst Jerry Revich raised the firm’s price target on REV Group (REVG) to $34 from $30 but keeps a Sell rating on the shares. The company’s Q2 results revealed higher Fire business throughput and cost control amid strong production performance in Specialty Vehicles, the analyst tells investors in a research note. The firm adds however that REV’s Recreation segment EBITDA was only in-line, with lower margins driven by lower units.