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.
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