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Fly News Breaks for June 3, 2015
PCAR, NAV, CMI
Jun 3, 2015 | 07:40 EDT
Wells Fargo notes May Class 5-8 orders decreased 3% from April and 8% year-over-year. The year-over-year decline was the third consecutive month of contraction, and order mix turned negative with strength in Class 5 offsetting weakness in Class 8 and no change in Class 6-7, Wells tells investors. The firm sees the May numbers as likely negative for truck related stocks. It keeps Market Perform ratings on Cummins (CMI), Navistar (NAV) and PACCAR (PCAR).
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