Jefferies Reports Positive Truck Data, Points At MATS

Jefferies & Company, reporting from the Mid-America Truck Show in Louisville, Kentucky, claims industry data points are positive across the board and that, despite concerns from suppliers, they “still urge strong exposure to the sector”.

Jeffries highlights its top two picks in the machinery industry as Navistar (NYSE: NAV) followed by PACCAR (NYSE: PACR). Both maintain their Buy rating with NAV having a price target set at $75 and PCAR at $65.

NAV and PCAR closed yesterday at $69.33 and $52.36, respectively.