JPMorgan raised the firm’s price target on Paccar to $125 from $122 and keeps an Overweight rating on the shares as part of a Q4 earnings preview. The firm sees truckload carrier capex rebounding while less-than-truckload deteriorates. The analyst likes Allison Transmission (ALSN) and Paccar (PCAR) into the print, saying the former sets up for “beat-and-raises” in 2025 while the latter’s margin can surprise to the upside with sequential improvement in the coming quarters.
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