Morgan Stanley bullish on machinery industry, upgrades stocks

Morgan Stanley upgraded its machinery sector outlook to 'attractive' for 2025, citing key equipment cycles, with various companies reviewed for investment potential.

Truck-maker Paccar to recall nearly 220,972 US vehicles over braking system issues, NHTSA says

PACCAR is recalling 220,972 U.S. vehicles due to issues with the anti-lock braking system and electronic stability control, according to the National Highway Traffic Safety Administration.

Jefferies reshuffles machinery, industrial stocks: DE, PCAR, KMT downgraded

Jefferies downgraded Deere, PACCAR, and Kennametal due to valuation concerns, while upgrading SiteOne and Timken, and favoring Caterpillar and Parker-Hannifin as top picks.

Nebraska files antitrust lawsuit against heavy-duty truck makers over EV push

Nebraska's Attorney General filed an antitrust lawsuit against major truck manufacturers for allegedly limiting diesel truck availability to shift towards electric vehicles, claiming conspiracy to raise prices and costs.

Industrials and Machinery ratings adjusted at Evercore post-election

Evercore ISI upgrades several industrial stocks post-election, anticipating growth from Trump policies while downgrading others due to high valuations and risks, advocating for selective investments.

Volvo shares rise as UBS upgrades stock to 'neutral' amid improved 2025 outlook

Truckmaker PACCAR misses margin estimate as costs weigh

PACCAR's gross margin fell to 16.6%, lower than expectations, leading to a 5.7% drop in shares. Revenue decreased to $8.24 billion amid rising costs and depressed freight demand.

PACCAR earnings beat by $0.03, revenue topped estimates

PACCAR reported Q3 EPS of $1.85, beating estimates, with revenue of $8.24B. Stock rose 10.45% over 3 months, showing strong financial health despite recent EPS revisions.