Goldman Sachs Maintains Neutral on PACCAR, Raises Price Target to $106
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Jerry Revich has maintained a Neutral rating on PACCAR (NASDAQ:PCAR) and increased the price target from $93 to $106.

January 24, 2024 | 6:15 pm
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POSITIVE IMPACT
Goldman Sachs has maintained a Neutral rating on PACCAR and raised the price target from $93 to $106, indicating a positive outlook on the stock's value.
The increase in price target by a reputable analyst like Goldman Sachs suggests a positive reassessment of PACCAR's value, which could lead to increased investor confidence and a potential short-term rise in the stock price. However, the Neutral rating indicates that the analyst does not see significant outperformance relative to the market or sector peers in the near term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100