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Stock Market & Financial Investment News

News Breaks
April 2, 2013
16:22 EDTCMI, NAV, PCARClass 8 truck orders in-line with expectations, says Wells Fargo
Wells Fargo notes that ACT Research preliminary March 2013 Class 5-8 truck net orders decreased 4% from February despite increasing 4% year-over-year. Class 8 truck orders were 22,100 units, up 10% year-over-year, but down 5% from February's 23,027, the firm added. Wells found the data largely consistent with its expectations, but says the sequential decline may be a short-term negative for Cummins (CMI), Navistar (NAV) and PACCAR (PCAR).
News For CMI;NAV;PCAR From The Last 14 Days
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September 25, 2014
05:25 EDTNAVNavistar expands production capacity of high-performance engines
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September 19, 2014
11:11 EDTCMICaterpillar sales trends for August mixed, says Wells Fargo
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September 18, 2014
10:05 EDTPCARPACCAR management to meet with Piper Jaffray
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September 16, 2014
09:59 EDTCMIOn The Fly: Analyst Downgrade Summary
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05:32 EDTCMICummins downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo downgraded Cummins to Market Perform on concerns the company will struggle to meet 2015 consensus expectations due to emerging market demand weakness, slower power generation improvement and warranty accrual headwinds in Engines. Wells lowered its price target range for shares to $145-$148 from $170-$173.

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