Goldman Sachs Maintains Sell on REV Group, Raises Price Target to $20
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 $18 to $20.

April 16, 2024 | 1:49 pm
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Goldman Sachs maintains a Sell rating on REV Group but increases the price target from $18 to $20.
The maintenance of a Sell rating by Goldman Sachs suggests a negative outlook on REV Group's stock, indicating that the analyst believes the stock might underperform the market or its sector. However, the increase in the price target from $18 to $20 could imply that the downside risk might be less severe than previously estimated, or it reflects a slight improvement in the company's fundamentals or market conditions. This mixed signal could lead to short-term volatility in the stock's price as investors digest the implications of a higher price target against the backdrop of a Sell rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100