Morgan Stanley upgrades Rev Group to 'equal weight' rating

Morgan Stanley upgrades specialty vehicles manufacturer Rev Group REVG.N to "equal weight" from "underweight" rating

Brokerage sees a less dire price-cost scenario within REVG's specialty vehicles business

Morgan Stanley adds the company's ongoing efficiency initiatives to result in manufacturing throughput and operating margin improvements

"REVG is somewhat shielded in its specialty business, given the vast majority of its fire and emergency vehicle business is driven by muni spending, where budgets have already been locked in for 2025" - Morgan Stanley

Brokerage raises PT to $46 from $33, a ~5.6% upside on stock's last close

As of last close, stock up ~36.7% YTD