REV Group price target raised to $51 from $39 at DA Davidson

DA Davidson analyst Michael Shlisky raised the firm’s price target on REV Group (REVG) to $51 from $39 and keeps a Buy rating on the shares. The company’s Q2 earnings exceeded expectations once again while the management raised EBITDA estimates for FY25 despite tariff impacts, the analyst tells investors in a research note. REV Group has also expressed considerable confidence in its FY27 guide to rise to $310M EBITDA from a $210M midpoint expected in FY25, and the firm believes that the company has the backlog and the price/margin visibility, especially in Specialty, to get there, DA Davidson added.