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Fly News Breaks for November 30, 2015
PCAR
Nov 30, 2015 | 06:27 EDT
RBC Capital analyst Seth Weber downgraded PACCAR to Sector Perform and lowered his price target to $57 from $64 on shares. Weber believes NAFTA Class 8 truck demand is near a cyclical peak, which will weigh on shares and limit upside. The analyst said industry metrics suggest a reacceleration in orders in unlikely to occur soon.
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