UPDATE: Credit Suisse Assumes Coverage on Rush Enterprises with Outperform Rating, $22 PT

In a report published Monday, Credit Suisse assumed coverage on Rush Enterprises

with an Outperform rating and $22.00 price target. Credit Suisse noted, “We are assuming coverage of Rush Enterprises

with an Outperform rating and a $22 target price. Rush is the largest commercial vehicle dealer in the US with 65 locations over 14 states. The company sells a bevy of well known truck brands, including Peterbilt, International, Hino, and Ford, to name a few. Rush has done an excellent job managing through the last downturn while positioning itself for the cyclical upturn in US truck markets.” Rush Enterprises closed on Friday at $19.60.