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Fly News Breaks for January 3, 2017
PCAR
Jan 3, 2017 | 08:58 EDT
As previously reported, Evercore ISI upgraded PACCAR to Buy from Hold and raised its price target to $77 from $59. Analyst David Raso said he is incrementally bullish on the Industrials and Machinery sector since his pre-US election sector upgrade and raised estimates to incorporate a lower 2018 tax rate and said he has increased confidence in Heavy Industrial sales growth.
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