Citigroup Maintains Neutral on PACCAR, Raises Price Target to $108
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Kyle Menges maintains a Neutral rating on PACCAR (NASDAQ:PCAR) but raises the price target from $100 to $108.
October 09, 2024 | 9:22 pm
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Citigroup analyst Kyle Menges maintains a Neutral rating on PACCAR but raises the price target from $100 to $108, indicating a positive outlook.
The increase in the price target from $100 to $108 suggests a positive outlook for PACCAR, which could lead to a short-term increase in stock price. However, the Neutral rating indicates that the analyst does not expect significant outperformance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100