BUZZ-Custom Truck One Source dips after JPM downgrade
Reuters
Aug 20
BUZZ-<a href="https://laohu8.com/S/CTOS">Custom Truck One Source</a> dips after <a href="https://laohu8.com/S/JPM">JPM</a> downgrade
** Shares of specialty equipment provider Custom Truck One Source CTOS.N dip 5.5% to $5.7 premarket
** J.P.Morgan downgrades stock rating to "underweight" from "neutral" and trims PT to $5.50 from $6
** JPM anticipates vocational truck sales to soften over the coming quarters on the back of weak orders data in recent months
** "We also expect TES (truck and equipment sales) profitability to come under pressure with existing tariffs and a possible Section 232 announcement later this year or early next year" - JPM
** Six analysts rate the stock "buy" on average; their median PT is $8 - data compiled by LSEG
** YTD, CTOS up 25.3%
(Reporting by Joel Jose in Bengaluru)
((joeljose@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.