UBS Maintains Neutral on PACCAR, Raises Price Target to $104
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Steven Fisher has maintained a Neutral rating on PACCAR (NASDAQ:PCAR) and increased the price target from $90 to $104.
January 25, 2024 | 8:04 pm
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POSITIVE IMPACT
UBS analyst Steven Fisher reaffirmed a Neutral rating on PACCAR and raised the price target from $90 to $104, indicating a positive outlook on the stock's value.
The increase in price target by UBS suggests an improved valuation of PACCAR, which could lead to increased investor interest and a potential rise in the stock price in the short term. However, the Neutral rating indicates that the analyst does not see significant upside or downside potential from the current level, which tempers the impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100