Rev Group price target raised to $16 from $12 at Baird

Baird analyst Mircea Dobre raised the firm’s price target on Rev Group to $16 from $12 and keeps a Neutral rating on the shares. The analyst saidd its Q4 results and initial 2023 guidance is not as bad as feared. He said positives include robust F&E orders/backlog, solid RV margin, negatives include F&E and Commercial margin compression, RV and Commercial orders slowing.