Goldman Sachs Maintains Neutral on PACCAR, Raises Price Target to $121
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Jerry Revich maintains a Neutral rating on PACCAR (NASDAQ:PCAR) and raises the price target from $106 to $121.
April 16, 2024 | 1:47 pm
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Goldman Sachs maintains a Neutral rating on PACCAR but raises the price target from $106 to $121.
The increase in price target by Goldman Sachs, while maintaining a Neutral rating, suggests an improved outlook for PACCAR's financial performance or market position. This adjustment could lead to increased investor confidence in PACCAR's stock, potentially driving short-term price movements upwards as the market adjusts to the new price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100