Information Provided By:
Fly News Breaks for August 6, 2018
PCAR
Aug 6, 2018 | 09:17 EDT
As previously reported Evercore ISI upgraded Paccar to Outperform from In Line and raised its price target to $79 from $75. Analyst David Raso said shares are currently at a "depressed" valuation with limited downside, especially if the cycle is extended. Raso said Paccar's gross margins are still not as strong as he had hoped but are still around 15% for 2 quarters in a row and expected to be similar in 2H, and notes the company's price versus costs has been improving.
News For PCAR From the Last 2 Days
There are no results for your query PCAR