Morgan Stanley Initiates Coverage On REV Group with Equal-Weight Rating, Announces Price Target of $29.5
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has initiated coverage on REV Group (NYSE:REVG) with an Equal-Weight rating and a price target of $29.5.
June 11, 2024 | 9:53 am
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NEUTRAL IMPACT
Morgan Stanley has initiated coverage on REV Group with an Equal-Weight rating and a price target of $29.5. This indicates a neutral stance from the analyst, suggesting that the stock is fairly valued at its current price.
The Equal-Weight rating suggests that Morgan Stanley believes REV Group is fairly valued at its current price. The price target of $29.5 provides a specific valuation benchmark. This neutral stance is likely to result in limited short-term price movement.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100