Jefferies Upgrades PACCAR to Buy, Raises Price Target to $115
Portfolio Pulse from richadhand@benzinga.com
Jefferies analyst Stephen Volkmann has upgraded PACCAR (NASDAQ:PCAR) from Hold to Buy and raised the price target from $85 to $115.
July 17, 2023 | 9:55 am
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PACCAR's stock has been upgraded to Buy from Hold by Jefferies analyst Stephen Volkmann, with a price target increase from $85 to $115.
The upgrade from Hold to Buy indicates a positive outlook for PACCAR's stock. The increase in price target from $85 to $115 suggests that the analyst expects the stock to perform well in the short term. This could lead to an increase in demand for the stock, potentially driving up its price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100