Rush Enterprises (RUSHA) is Initiated by Stifel to Hold, Price Target at $22

Rush Enterprises (RUSHA) was Initiated by Stifel to “Hold” and the brokerage firm has set the Price Target at $22. Stifel advised their investors in a research report released on Oct 11, 2016.

Rush Enterprises closed down -0.67 points or -2.70% at $24.18 with 1,61,435 shares getting traded on Friday. Post opening the session at $24.9, the shares hit an intraday low of $24.07 and an intraday high of $25.11 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Rush Enterprises Inc. (Rush) is a retailer of commercial vehicles and related services. The Company operates a network of commercial vehicle dealerships under the name Rush Truck Centers. Rush Truck Centers primarily sell commercial vehicles manufactured by Peterbilt International Hino among others. The Company offers services including retail sales of new and used commercial vehicles aftermarket parts sales service and repair facilities financing leasing and rental and insurance products. It operates 112 Rush Truck Centers in 20 states. Rush Truck Leasing provides maintenance on customers’ vehicles at several of our customers’ facilities. At its Rush Truck Centers it offers third-party financing to assist customers in purchasing new and used commercial vehicles. The Company sells as agent through its insurance agency a line of property and casualty insurance including collision and liability insurance on commercial vehicles cargo insurance and credit life insurance.

Rush Enterprises

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