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.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
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