Stephens raised the firm’s price target on Rush Enterprises to $78 from $72 and keeps an Overweight rating on the shares. Rush reported “strong” Q2 results that beat revenue and operating margins expectations, with the company continuing to benefit from pent-up replacement demand for new trucks, the analyst tells investors. The firm continues to believe Rush Enterprises is a “high-quality business” that is underappreciated.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on RUSHA:
- Rush Enterprises announces 3 for 2 stock split, 17c dividend
- Rush Enterprises reports Q2 EPS $1.75, consensus $1.48
- Rush Enterprises, Inc. Reports Second Quarter 2023 Results, Announces Three-For-Two Stock Split and $0.17 Per Share Dividend (Post-Stock Split)
- Is RUSHA a Buy, Before Earnings?
- Rush Enterprises, Inc. Conference Call Advisory for Second Quarter 2023 Earnings Results
