As previously reported, Longbow analyst Faheem Sabeiha upgraded Paccar to Buy from Neutral after his dealer contacts offered a higher sales outlook and FTR Associates issued a higher production forecast for 2018 and 2019. He additionally estimates higher material costs will only have a 15c-20c per share impact even before factoring the offsets from cost-sharing and potentially higher list pricing, Sabeiha tells investors. The analyst, who sees the recent pull-back in Paccar as a great entry point for a "best-in-class" operator, set an $85 price target on the stock.