NYSE:CYDMachinery
China Yuchai International (NYSE:CYD): Assessing Valuation After Strong Earnings and Analyst Upgrades
China Yuchai International (NYSE:CYD) just reported its half-year earnings, and the results are prompting investors to take another look at the stock. Sales climbed substantially from a year ago, and net income followed suit, which may indicate that the company’s fundamentals are heading in a positive direction. Adding to the news, analysts have updated their earnings outlook aggressively, and optimism around China Yuchai International’s prospects appears to be spreading.
This upbeat news...