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PCAR

Paccar

$64.02

0.12 (0.19%)

14:24
05/17/18
05/17
14:24
05/17/18
14:24

Paccar VP Dozier sells 10,000 common shares

In a regulatory filing, Paccar vice president C. Michael Dozier disclosed the sale of 10,000 common shares of the company at a price of $63.52 per share.

PCAR Paccar
$64.02

0.12 (0.19%)

04/25/18
RBCM
04/25/18
DOWNGRADE
Target $73
RBCM
Sector Perform
Paccar downgraded to Sector Perform at RBC Capital on excess supply concerns
As reported earlier, RBC Capital analyst Seth Weber downgraded Paccar to Sector Perform from Outperform and lowered his price target to $73 from $82. Weber says he is increasingly concerned with the company's margins due to "peak NAFTA C18 truck cycle" along with the industry's high used truck supply becoming headwinds for the stock. Despite its position as a "best-in-class operator with a strong balance sheet", the analyst sees few catalysts for Paccar that would warrant a higher valuation.
04/25/18
BMOC
04/25/18
NO CHANGE
Target $80
BMOC
Outperform
Paccar price target lowered to $80 from $85 at BMO Capital
BMO Capital analyst Joel Tiss lowered his price target on Paccar to $80 after the post-earnings slide in the company's stock but kept his Outperform rating over the longer term. Tiss contends that investors are "overly discounting the next potential downturn" and expects the company's profitability to be more resilient based on the short-lived Class 8 truck downturn under "normal economic conditions". The analyst acknowledges that the current negative sentiment of peaked growth is "powerful", but also cites Paccar's "attractive valuation, pristine balance sheet, and 4%+ dividend yield".
04/25/18
04/25/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Biogen (BIIB) downgraded to Buy from Conviction Buy at Goldman Sachs with analyst Terence Flynn saying pipeline and balance sheet optionality are taking longer to materialize than expected but valuation reflects limited value to Aducanumab or Biogen's Phase 2 neuro pipeline. 2. GrubHub (GRUB) downgraded to Neutral on valuation at Roth Capital with analyst Darren Aftahi citing valuation. 3. Paccar (PCAR) downgraded to Sector Perform from Outperform at RBC Capital and to Neutral from Buy at BofA/Merrill. 4. Caterpillar (CAT) downgraded to Neutral from Outperform at Daiwa. 5. Edwards Lifesciences (EW) downgraded to Market Perform from Outperform at Northland. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/02/18
UBSW
05/02/18
DOWNGRADE
Target $68
UBSW
Neutral
Paccar downgraded to Neutral from Buy at UBS
UBS analyst Steven Fisher downgraded Paccar (PCAR) to Neutral and lowered his price target for the shares to $68 from $84. The analyst this morning also downgraded Cummins (CMI) to Sell from Neutral. Recent changes in the company's business will limit upside to margins and also indicate a truck market that is approaching a peak, Fisher tells investors in a research note. He believes Paccar's mix of orders is becoming less attractive and that the European market is slowing. Further, the company's delivery growth is moderating, the analyst points out.

TODAY'S FREE FLY STORIES

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American Finance Trust

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AutoNation

$43.09

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ZYME

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$14.40

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SEDG

SolarEdge

$42.00

-0.05 (-0.12%)

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IBKC

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$83.70

-0.5 (-0.59%)

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Conference/Events
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KBR

KBR

$20.19

0.37 (1.87%)

06:44
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06:44
Downgrade
KBR rating change  »

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AZO

AutoZone

$732.74

-14.79 (-1.98%)

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  • 29

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BAYRY

Bayer

$0.00

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  • 20

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LYB

LyondellBasell

$102.16

-1.3 (-1.26%)

06:38
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Downgrade
LyondellBasell rating change  »

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BTC

Bitcoin

$0.00

(0.00%)

, BITCOIN

Bitcoin

$0.00

(0.00%)

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$0.00

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PCRX

Pacira

$47.85

1.6 (3.46%)

06:36
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Pacira analyst commentary  »

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WBC

Wabco

$114.86

-0.6 (-0.52%)

, BIDU

Baidu

$216.99

-0.58 (-0.27%)

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Wabco

$114.86

-0.6 (-0.52%)

BIDU

Baidu

$216.99

-0.58 (-0.27%)

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  • 25

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  • 06

    Nov

NVCR

Novocure

$49.00

2.625 (5.66%)

06:34
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CBRL

Cracker Barrel

$143.77

-6.93 (-4.60%)

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  • 26

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BABA

Alibaba

$156.64

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ABUS

Arbutus Biopharma

$9.55

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BABA

Alibaba

$156.64

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  • 28

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ARPO

Aerpio Pharmaceuticals

$3.77

0.155 (4.29%)

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  • 01

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BK

BNY Mellon

$51.45

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  • 20

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RNSDF

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ARGX

Argenx

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NFLX

Netflix

$367.85

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  • 24

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BTC

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