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Stock Market & Financial Investment News

News Breaks
March 31, 2014
10:37 EDTPCAR, CMI, VOLVYCummins 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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November 19, 2014
05:38 EDTVOLVYVolvo reports Oct. truck deliveries down 5% to 22,244 vehicles
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November 16, 2014
17:04 EDTCMICummins could rise over 15% in FY15, Barron's says
Cummins shares could rise over 15% in FY15 as concerns look overdone, Barron's contends in a feature article. The company should benefit from the North American market and improvements in emerging markets, the paper adds. Reference Link
November 13, 2014
09:08 EDTCMIAllison Transmission and Cummins receive ARB approval for propulsion systems
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November 12, 2014
13:31 EDTCMICummins downgraded to Hold from Buy at Standpoint Research
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06:27 EDTVOLVYVolvo to slash 3,000 employees as part of savings plan, Reuters reports
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November 11, 2014
10:00 EDTVOLVYOn The Fly: Analyst Initiation Summary
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05:29 EDTVOLVYVolvo initiated with an Underperform at Jefferies
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November 9, 2014
18:34 EDTVOLVYVolvo begins XC60 production in China, Reuters says
Volvo Car Group, which is owned by Geely, said it is beginning production of its XC60 crossover at its plant in Chengdu, furthering its goal of supplying locally-produced cars in China, says Reuters. Reference Link

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