REV Group price target raised to $38 from $32 at Baird

Baird analyst Mircea Dobre raised the firm’s price target on REV Group (REVG) to $38 from $32 and keeps an Outperform rating on the shares following the Q4 report. The company’s earnings were just ahead of consensus driven by stronger margin, the analyst tells investors in a research note. The firm still sees additional upside for shares, saying future portfolio adjustments could drive a structural re-rating aided by “meaningful” free cash flow generation and a “sizable” buyback authorization.