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Fly News Breaks for June 27, 2016
PCAR
Jun 27, 2016 | 06:10 EDT
JPMorgan analyst Ann Duignan downgraded PACCAR to Underweight citing weak U.S. trucking fundamentals and the company's exposure to the United Kingdom. PACCAR has one of the highest top-line exposures to the U.K. in our Machinery coverage, which will likely weigh on the stock in the near term, Duignan tells investors in a research note. She lowered her price target for the shares to $47 from $58.
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