B of A Securities Upgrades PACCAR to Neutral, Raises Price Target to $97
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Ross Gilardi has upgraded PACCAR (NASDAQ:PCAR) from Underperform to Neutral and increased the price target from $84 to $97.

January 19, 2024 | 12:22 pm
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PACCAR's stock rating has been upgraded by B of A Securities from Underperform to Neutral, and the price target has been raised from $84 to $97.
The upgrade from Underperform to Neutral by a major analyst indicates a more favorable outlook on PACCAR's stock, which could lead to increased investor confidence and a potential rise in the stock price in the short term. The increase in the price target further supports this positive sentiment.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100