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Fly News Breaks for July 27, 2016
PCAR
Jul 27, 2016 | 08:41 EDT
Baird recommends buying PACCAR as the best-in-class global truck OEM. The firm cited double digit growth in Europe, continuation of share gains in both the U.S. and Canada, and better than expected guidance. Baird reiterated its Outperform rating and raised its price target to $65 from $61 on PACCAR shares.
News For PCAR From the Last 2 Days
PCAR
Mar 26, 2024 | 04:50 EDT
RBC Capital analyst Nick Housden initiated coverage of Paccar with a Sector Perform rating and $123 price target. The shares have rallied 77% year-over-year and on RBC's estimates, trade at a slight premium to the 10-year average, the analyst tells investors in a research note. At a time when truck demand is moving down and consensus margin expectations "appear optimistic, we do not think that now is the time to increase exposure," contends RBC.