Citi lowered the firm’s price target on Paccar (PCAR) to $115 from $125 and keeps a Neutral rating on the shares as part of a Q4 earnings preview for the machinery group. The firm made modest downward revisions to Q4 and 2025 estimates for most companies under its coverage, reflecting an increasingly soft near-term sentiment across many machinery end markets.
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Read More on PCAR:
- Paccar price target raised to $110 from $107 at Truist
- Paccar to recall 220,972 vehicles over electronic system issues, Reuters says
- Paccar selloff on truck recall an overreaction, says Citi
- Paccar Announces Leadership Change in Financial Services
- Paccar announces extra cash dividend of $3.00 per share
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