BofA lowered the firm’s price target on Rush Enterprises (RUSHB) (RUSHA) to $60 from $70 and keeps a Buy rating on the shares. For the firm’s Industrials/Multi-Industry coverage, BofA expects Q1 earnings to be in line or a beat, but is preemptively lowering its estimates based on higher uncertainty and established tariffs despite the April 9 announcement of a 90-day pause on reciprocal tariffs, the analyst tells investors in a preview for the group.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RUSHA:
- Rush Enterprises Announces Executive Compensation Plans
- Rush Enterprises price target lowered to $67 from $69 at Stephens
- Rush Enterprises Reports 2024 Earnings Amid Industry Challenges
- Rush Enterprises Navigates 2024 Challenges with Resilience
- Rush Enterprises A Reports Strong 2024 Financial Results