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Fly News Breaks for January 13, 2017
PCAR
Jan 13, 2017 | 07:51 EDT
As noted earlier, RBC Capital upgraded PACCAR to Outperform from Sector Perform. Analyst Seth Weber predicts that the NAFTA Class 8 market will bottom this year, and he thinks that the European market will be stronger than he previously anticipated. Additionally, PACCAR's margins can rise going forward, while its cash generation remains strong, according to the analyst, who raised his price target on the shares to $75 from $54.
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