Rush Enterprises (RUSHA) is Upgraded by BofA/Merrill to Buy

Rush Enterprises (RUSHA) was Upgraded by BofA/Merrill to ” Buy”. Earlier the firm had a rating of “Neutral ” on the company shares. BofA/Merrill advised their investors in a research report released on May 10, 2016.

Many Wall Street Analysts have commented on Rush Enterprises. Shares were Reiterated by RBC Capital Mkts on Feb 11, 2016 to “Sector Perform” and Lowered the Price Target to $ 17 from a previous price target of $21 .Rush Enterprises was Downgraded by CL King to ” Neutral” on Feb 11, 2016. Rush Enterprises was Downgraded by Raymond James to ” Mkt Perform” on Feb 11, 2016.

Rush Enterprises opened for trading at $18.45 and hit $18.99 on the upside on Friday, eventually ending the session at $18.9, with a gain of 2.11% or 0.39 points. The heightened volatility saw the trading volume jump to 1,18,723 shares. Company has a market cap of $765 M.

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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