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Fly News Breaks for January 19, 2017
PCAR
Jan 19, 2017 | 08:25 EDT
As noted earlier, Longbow upgraded PACCAR to Neutral from Underperform. Analyst Neil Frohnapple says that Class 8 fundamentals are bottoming, while "investors are increasingly looking out to 2018 and beyond any potential EPS shortfall over the next few quarters." He expects the company's earnings to resume growing meaningfully in 2018.
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