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Fly News Breaks for January 4, 2018
NAV, ALSN, MTOR, CMI, WBC, ETN, PCAR
Jan 4, 2018 | 15:54 EDT
Stifel analyst Michael Baudendistel noted that ACT Research reported December Class 8 truck orders of 37,500 units, up 75% year-over year and modestly stronger than October's 36,100 units. While not significantly out of line with expectations, the order data should be viewed positively, said Baudendistel, who reiterates his Buy ratings on Meritor (MTOR), Navistar (NAV) and Wabco (WBC). The Fly notes that other names leveraged to Class 8 truck data include Paccar (PCAR), Cummins (CMI), Allison Transmission (ALSN) and Eaton (ETN).
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