RBC Capital Initiates Coverage On PACCAR with Sector Perform Rating, Announces Price Target of $123
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Nick Housden initiates coverage on PACCAR (NASDAQ:PCAR) with a Sector Perform rating and sets a price target of $123.
March 26, 2024 | 9:42 am
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RBC Capital has initiated coverage on PACCAR with a Sector Perform rating and a price target of $123.
The initiation of coverage by a major analyst firm like RBC Capital, especially with a positive outlook as indicated by the price target above the current trading price, typically generates positive investor sentiment. This can lead to increased buying activity in the short term, pushing the stock price up.
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