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MARKET SHARES * USA - Analyst Sees Tough 2007 for Heavy Trucks
New York,NY,USA -MSN Money/AP) -26 Jan 2007: -- A JPMorgan analyst on Friday initiated coverage of several heavy truck manufacturers, saying that 2007 will be a challenging year for the sector... Stephen Volkmann said that the stock have held up very well considering Wall Street's overall negative view of the sector, but said that view is largely justified... Truck companies and other heavy equipment manufacturers stocked up on diesel engines toward the end of 2006, in anticipation of stricter emissions standards that became effective in 2007. The standards also made the engines more expensive... Although the first half of 2007 could be tough, Volkmann said that the truck-related stocks should be strong performers compared with the rest of the larger heavy machinery sector... Volkmann rated named Paccar Inc. as its top pick in the group and rated it "Overweight," along with Navistar International Corp...
Labels: market shares
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