The Analyst Landscape: 6 Takes On PACCAR
Portfolio Pulse from Benzinga Insights
PACCAR (NASDAQ:PCAR) has been analyzed by six analysts, revealing a range of sentiments from bullish to bearish. Recent ratings show a shift towards a more neutral stance, with price targets being lowered. The average 12-month price target is now $110.17, down from $119.60. Key analysts from Citigroup, Deutsche Bank, JP Morgan, and Truist Securities have all lowered their price targets and ratings for PACCAR.
August 12, 2024 | 2:00 pm
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NEGATIVE IMPACT
PACCAR has received mixed analyst ratings, with a shift towards a more neutral stance. The average 12-month price target has decreased to $110.17 from $119.60. Key analysts from Citigroup, Deutsche Bank, JP Morgan, and Truist Securities have all lowered their price targets and ratings.
The shift towards a more neutral stance by multiple key analysts and the lowering of price targets indicate a less optimistic outlook for PACCAR in the short term. This is likely to put downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100