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Fly News Breaks for June 15, 2017
PCAR
Jun 15, 2017 | 06:59 EDT
Goldman analyst Jerry Revinch upgraded Paccar to Buy and maintained a $79 price target saying he is positive on the company's prospects to further improve its industry-leading returns on capital. Revinch sees upside to consensus estimates driven by US engines generating aftermarket sales and manufacturing footprint expansion slowing. From a cyclical standpoint, he expects electronic logging standards in the US to drive a re-acceleration in the US truck cycle in 2018.
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