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Stock Market & Financial Investment News

News Breaks
March 31, 2014
10:37 EDTCMI, VOLVY, PCARCummins rises after firm starts coverage with Buy rating
Shares of Cummins (CMI) are outperforming the market after research firm Argus initiated coverage of the truck engine maker with a Buy rating in a note to investors earlier today. WHAT'S NEW: Cummins should continue to benefit as truck manufacturers switch to more fuel efficient engines amid stricter environmental regulations and higher fuel costs, the firm predicted. The company's U.S. business should benefit from steady increases in engine sales this year, while its distribution unit should grow as a result of acquisitions, the firm predicted. It set a $162 price target on the stock. PRICE ACTION: In early trading, Cummins rose $3.40, or 2.3%, to $149.50. Meanwhile, truck maker PACCAR (PCAR) gained 1.75% to $67.75. AB Volvo (VOLVY), which makes components for trucks and buses as well as construction equipment, climbed 1.7% to $15.80.
News For CMI;PCAR;VOLVY From The Last 14 Days
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June 30, 2015
10:54 EDTCMICummins announces retirement of Chief Technical Officer John Wall
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June 24, 2015
10:00 EDTVOLVYOn The Fly: Analyst Upgrade Summary
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05:26 EDTVOLVYVolvo upgraded to Buy from Neutral at Goldman
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June 19, 2015
15:27 EDTCMICummins voices supports for rulemaking to improve truck efficiency
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10:50 EDTCMI, PCAREPA proposes new rules for medium- and heavy-duty truck emissions
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June 18, 2015
11:31 EDTCMICaterpillar trends appear negative for Cummins, says Wells Fargo
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06:57 EDTPCAR, CMIMay Class 8 retail sales rose 12%, says JPMorgan
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05:25 EDTVOLVYVolvo reports May truck deliveries flat with last year at 17,475 trucks
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