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Rev Group’s ‘unexpected’ CEO exit doesn’t signal a miss, says Baird
The Fly

Rev Group’s ‘unexpected’ CEO exit doesn’t signal a miss, says Baird

After Rev Group (REVG) announced that CFO Mark Skonieczny has been appointed interim CEO following Rod Rushing having stepped down as president and CEO, Baird analyst Mircea Dobre said the firm was "surprised by this move less than three years into Mr. Rushing’s tenure," but it does not believe the news signals a miss relative to prior guidance nor that it will mark a significant change to the company’s current strategy. The firm, which said it senses that this move has been in the works for a while and is not a result of very near-term business results after having had a chance to catch up with Skonieczny, has a Neutral rating and $16 price target on Rev Group shares.

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