JP Morgan Maintains Overweight on PACCAR, Lowers Price Target to $115
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Tami Zakaria maintains an Overweight rating on PACCAR (NASDAQ:PCAR) but lowers the price target from $135 to $115.
July 24, 2024 | 2:43 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
JP Morgan analyst Tami Zakaria maintains an Overweight rating on PACCAR but lowers the price target from $135 to $115. This suggests a positive long-term outlook but a more conservative short-term valuation.
The Overweight rating indicates a positive long-term outlook, but the lowered price target suggests a more cautious short-term valuation. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100