Paccar price target raised to $113 from $112 at Truist

Truist raised the firm’s price target on Paccar (PCAR) to $113 from $112 and keeps a Hold rating on the shares after its Q4 earnings. FX was a headwind of 4c in EPS and earnings would have been a beat excluding currency, the analyst tells investors in a research note. Parts was also a positive story, growing 3.6% in the quarter vs. the industry down modestly, and the management expects to outgrow the market again in 2025 with sales expected up 2-4%, Truist added.