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Stock Market & Financial Investment News

News Breaks
March 31, 2014
10:37 EDTVOLVY, PCAR, CMICummins 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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August 26, 2015
10:00 EDTPCAROn The Fly: Analyst Upgrade Summary
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06:44 EDTPCARPACCAR upgraded to Overweight from Neutral at Piper Jaffray
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August 21, 2015
10:02 EDTCMICummins upgraded to Buy from Hold at Standpoint Research
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August 20, 2015
05:41 EDTVOLVYVolvo reports July total truck deliveries up 1% to 15,586 vehicles
Deliveries from the Volvo Group's truck operations in July amounted to 15,586 vehicles. In July, truck deliveries rose by 27% in Asia and by 5% in Europe. Deliveries in South America were down by 34% while deliveries rose by 1% in North America. In total the Volvo Group's wholly-owned operations delivered 15,586 trucks, which was on the same level as in July 2014.

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