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Fly News Breaks for July 24, 2019
PCAR
Jul 24, 2019 | 04:46 EDT
JPMorgan analyst Ann Duigan upgraded Paccar to Neutral from Underweight and raised her price target for the shares to $67 from $66. The analyst cites valuation for the upgrade following the recent selloff in the shares.
News For PCAR From the Last 2 Days
PCAR
Mar 26, 2024 | 04:50 EDT
RBC Capital analyst Nick Housden initiated coverage of Paccar with a Sector Perform rating and $123 price target. The shares have rallied 77% year-over-year and on RBC's estimates, trade at a slight premium to the 10-year average, the analyst tells investors in a research note. At a time when truck demand is moving down and consensus margin expectations "appear optimistic, we do not think that now is the time to increase exposure," contends RBC.