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Cummins Shares Not Expensive Relative To Expectations
Friday, September 30, 2016 - 2:13pm | 328Read More...Initiating coverage of Cummins Inc. (NYSE: CMI) at Buy, CLSA said the shares of the company are not expensive relative to trough expectations in 2017. The rating is predicated on many of its end markets nearing trough and looking to recover. End-Market Recovery On Way CLSA's Kristine Kubacki...
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Ryder System: Too Many Trucks Chasing Too Little Freight
Friday, September 30, 2016 - 1:22pm | 289Read More...CLSA started coverage of Ryder System, Inc. (NYSE: R) with a Buy rating and $80 price target, saying the cyclical headwinds will abate between second half of 2016 and 2017. "We believe the outsourcing story still is under-appreciated and will only gain momentum and focus by investors and...
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Avondale Sees Continued Headwinds For Navistar International
Wednesday, June 15, 2016 - 9:22am | 385Read More...Avondale Partners sees continued headwinds for Navistar International Corp (NYSE: NAV) in the second half of 2016 and into 2017, despite the truck maker recording its first quarterly profit since the third quarter of 2012. "The cost cutting measures have been successful yet we believe end markets...
