REV Group price target raised to $39 from $33 at DA Davidson

DA Davidson raised the firm’s price target on REV Group (REVG) to $39 from $33 and keeps a Buy rating on the shares after its Q4 earnings beat. The company’s results were ahead of expectations for Q4, with the FY25 outlook of nearly 40% EBITDA growth supporting the stock, the analyst tells investors in a research note. Additional growth through 2027 and expectations that EBITDA may nearly double in three years provided additional justification to buy REV Group shares, the firm added.