Evercore ISI Group Maintains In-Line on PACCAR, Lowers Price Target to $99
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group has maintained an 'In-Line' rating for PACCAR (NASDAQ:PCAR) but has lowered its price target from $109 to $99.
August 19, 2024 | 2:10 pm
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Evercore ISI Group has maintained an 'In-Line' rating for PACCAR but reduced the price target from $109 to $99, indicating a less optimistic outlook.
The lowering of the price target by Evercore ISI Group suggests a less optimistic view on PACCAR's future performance, which could lead to a short-term negative impact on the stock price. The 'In-Line' rating indicates that the stock is expected to perform in line with the market, but the reduced price target reflects potential challenges or lower growth expectations.
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