Goldman Sachs Maintains Sell on REV Group, Raises Price Target to $18
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Jerry Revich has maintained a Sell rating on REV Group (NYSE:REVG) but raised the price target from $16 to $18.
March 11, 2024 | 1:17 pm
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Goldman Sachs maintains a Sell rating on REV Group but increases the price target from $16 to $18.
The maintenance of a Sell rating indicates a negative outlook on the stock by Goldman Sachs, despite the increase in price target. This could suggest that while the analyst sees some potential for price improvement, the overall assessment of the company's prospects remains bearish. Investors might interpret the raised price target as a slightly improved but still cautious view on the company's future performance, potentially leading to short-term negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100