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Fly News Breaks for April 6, 2017
PCAR
Apr 6, 2017 | 07:37 EDT
Seaport Global analyst Rhem Wood assumed coverage on PACCAR with a Buy and an $80 price target. Wood believes the North American truck market will bottom in 2017 and PACCAR is well positioned to take advantage of the expected improvement in 2018 given its best-in-class products, market share gains, and international growth opportunities.
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.