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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on REVG:
- Cautious Outlook on REV Group Amid Projected Financial Challenges
- REV Group Reports Strong Q2 Results and Updates Guidance
- REV Group’s Earnings Call: Growth Amid Challenges
- Trump says Fed ‘must now’ lower rates after ADP payrolls report: Morning Buzz
- REV Group rises 18.8%