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May 20, 2014
16:20 EDTPCAR, CMI, NAVApril Class 5-8 net orders rose 16% year-over-year, says Wells Fargo
Wells Fargo says that according to ACT Research data, April Class 5-8 net orders were 46,738, up 16% year-over-year and 11% stronger than ACT's 42,100 preliminary estimates. The firm expects production levels to increase modestly over the next few months but cautions that near-term backlog growth will be muted due to announced build rate increases against potential further order softness over the summer months.
News For PCAR;NAV;CMI From The Last 14 Days
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May 20, 2015
10:37 EDTCMICaterpillar April update seems negative for earnings power, says Wells Fargo
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May 11, 2015
11:38 EDTPCARPACCAR management to meet with JPMorgan
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11:37 EDTPCARPACCAR management to meet with Jefferies
Meetings to be held in Denver/Minneapolis on May 12-13 hosted by Jefferies.
May 8, 2015
07:13 EDTPCARPACCAR comments do not suggest truck cycle peaking, says UBS
UBS met with PACCAR management and said their comments do not suggest a 2015 peak in the truck cycle. The company's comments suggest the cycle will continue as long as the macro growth continues, which could mean management forecasts may be conservative, UBS added. The company also suggested the potential for upside on both the top-line and margins in the parts business, UBS said. The firm reiterated its Buy rating and $77 price target on PACCAR shares.

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