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Fly News Breaks for March 19, 2018
PCAR
Mar 19, 2018 | 07:26 EDT
Deutsche Bank analyst Nicole DeBlase downgraded Paccar to Sell and lowered her price target for the shares to $62 from $69. The analyst reevaluated ratings in the Machinery space following the recent pullback in the shares. She sees near- and medium term risk for Paccar with the U.S. levying widespread tariffs on steel and aluminum imports given the "substantial steel content" in heavy machinery.
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