Morgan Stanley Initiates Coverage On PACCAR with Overweight Rating, Announces Price Target of $125
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Angel Castillo has initiated coverage on PACCAR Inc (NASDAQ:PCAR) with an Overweight rating and set a price target of $125.
January 08, 2024 | 5:06 pm
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Morgan Stanley analyst Angel Castillo initiated coverage on PACCAR with an Overweight rating and a price target of $125, indicating a positive outlook for the stock.
The initiation of coverage by Morgan Stanley with an Overweight rating suggests a bullish stance on PACCAR's stock. The announcement of a price target that is presumably higher than the current trading price indicates an expectation of the stock's growth, which could lead to increased investor interest and a potential rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100