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Fly News Breaks for April 25, 2018
PCAR
Apr 25, 2018 | 07:31 EDT
JPMorgan analyst Ann Duignan says the 6.5% post-earnings selloff yesterday in shares of Paccar seems overdone. The analyst keeps a Neutral rating on the name with a $72 price target. Investors are concerned that margins have peaked, Duignan tells investors in a research note. She notes that management maintained its prior guidance of mid-14% gross margin for the full year despite a stronger end-market outlook.
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