Truist Securities Maintains Hold on PACCAR, Lowers Price Target to $103
Portfolio Pulse from Benzinga Newsdesk
Truist Securities has maintained a Hold rating on PACCAR (NASDAQ:PCAR) but lowered its price target from $107 to $103.
October 09, 2024 | 3:43 pm
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Truist Securities has maintained a Hold rating on PACCAR but lowered its price target from $107 to $103, indicating a slightly less optimistic outlook.
The lowering of the price target suggests a less optimistic view on PACCAR's future performance, which could lead to a short-term negative impact on the stock price. The Hold rating indicates no strong buy or sell recommendation, but the reduced target may influence investor sentiment.
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IMPORTANCE 80
RELEVANCE 100