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Fly News Breaks for May 18, 2016
CNHI, CMI, NAV, PCAR
May 18, 2016 | 08:10 EDT
Wells Fargo says that April data shows that Class 5-8 truck demand fundamentals continue to weaken. The firm says that the data is negative for stocks in the sector. PACCAR (PCAR), Navistar (NAV), Cummins (CMI), and CNH Industrial (CNHI) are among the stocks in the truck sector.
News For PCAR;NAV;CMI;CNHI From the Last 2 Days
PCAR
Mar 26, 2024 | 04:50 EDT
RBC Capital analyst Nick Housden initiated coverage of Paccar with a Sector Perform rating and $123 price target. The shares have rallied 77% year-over-year and on RBC's estimates, trade at a slight premium to the 10-year average, the analyst tells investors in a research note. At a time when truck demand is moving down and consensus margin expectations "appear optimistic, we do not think that now is the time to increase exposure," contends RBC.