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Fly News Breaks for November 21, 2019
PCAR
Nov 21, 2019 | 07:41 EDT
Raymond James analyst Felix Boeschen initiated coverage of Paccar with a Strong Buy rating and $90 price target. In a research note to investors, Boeschen says he views Paccar as uniquely positioned to capitalize on what he feels is an underappreciated industry shift from an historical "new truck avoidance" mindsettoward an underlying desire for new trucks driven by feature improvements that garner substantial savings.
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