Deutsche Bank Maintains Buy on PACCAR, Lowers Price Target to $109
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst Nicole Deblase maintains a Buy rating on PACCAR (NASDAQ:PCAR) but lowers the price target from $121 to $109.
July 24, 2024 | 4:54 pm
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NEUTRAL IMPACT
Deutsche Bank maintains a Buy rating on PACCAR but lowers the price target from $121 to $109, indicating a positive outlook with some caution.
The maintained Buy rating suggests continued confidence in PACCAR's performance, but the lowered price target indicates some caution about future growth. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100