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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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November 19, 2015
05:36 EDTVOLVYVolvo reports Oct. truck deliveries up 2% to 20,193 vehicles
In October truck deliveries rose by 15% in Europe and by 6% in North America. On the other hand, deliveries decreased by 31% in South America and by 3% in Asia. In total the Volvo Group's wholly-owned operations delivered 20,193 trucks, which was 2% more than in October 2014. Production in North America will be adjusted as a consequence of lower demand and high inventories in the distribution channel.

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