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Fly News Breaks for January 6, 2016
RUSHA
Jan 6, 2016 | 08:00 EDT
As previously reported, Longbow downgraded Rush Enterprises to Neutral from Buy. Analyst Neil Frohnapple believes Class 8 truck sales will decline meaningfully more than what appears to be reflected in consensus estimates for the company. The analyst said he can not identify any near-term catalysts that will drive shares higher until expectations are reset.