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Fly News Breaks for January 25, 2016
CMI, PCAR
Jan 25, 2016 | 08:04 EDT
Citi analyst Timothy Thein upgraded PACCAR (PCAR) to Buy citing continued growth in high-margin parts and an ongoing recovery in Western Europe. The analyst is taking a more positive stance on the truck-levered equipment names and coupled the upgrade with a downgrade of Cummins (CMI). He lowered his price target for PACCAR to $54 from $56.
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