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Fly News Breaks for January 4, 2016
PCAR
Jan 4, 2016 | 07:21 EDT
As reported previously, Baird downgraded PACCAR to Neutral from Outperform. The firm cited a build-up in freight hauling capacity and channel inventory leading to a collapse in orders and build rates. Baird lowered its price target to $55 from $65 on PACCAR shares.
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