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Fly News Breaks for February 16, 2016
RUSHA
Feb 16, 2016 | 07:18 EDT
Stephens analyst Brad Delco upgraded Rush Enterprises to Overweight from Equal Weight, as he believes shares have limited downside following their post-earnings selloff. Rush Enterprises shares are currently trading at 1.1x tangible book value and the stock has only traded below tangible book value on 18 trading days in the last 12 years, Delco pointed out in his note to investors. The analyst, who remains confident that Rush will keep posting positive EPS quarters going forward, lowered his price target on the stock to $22 from $28.
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