Rev Group price target raised by $4 at Baird, here’s why

Baird raised the firm’s price target on Rev Group to $24 from $20 and keeps an Outperform rating on the shares. The company reported another solid quarter with revenue at a record high, the analyst tells investors in a research note. The firm says Rev’s initial fiscal 2024 guidance midpoints are all above consensus with upside possible from continued F&E operational improvements and demand recovery in Commercial and Recreation.