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Shares - USA - Cummins' & Paccar's Retreat
NEW YORK,NY,USA -Associated Press/MSN Money -25 Aug 2006: -- Shares of diesel truck makers Cummins Inc. and Paccar Inc. fell on Friday after an analyst downgraded the stocks on expectations of weakening Class 8, or heavy duty, truck orders... David A. Bleustein, an analyst at UBS Securities LLC, also believes there is evidence that dealers and manufacturers are building up inventories in anticipation of next year's emissions changes, which could further curtail production... A decelerating economy would probably slow any rebound in orders in 2007 and 2008, he added...
posted by Unknown @ 4:40 PM
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