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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100