Morgan Stanley Maintains Overweight on PACCAR, Lowers Price Target to $126
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Angel Castillo maintains an Overweight rating on PACCAR but lowers the price target from $135 to $126.
October 23, 2024 | 12:12 pm
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Morgan Stanley's analyst Angel Castillo maintains an Overweight rating on PACCAR, indicating a positive outlook, but lowers the price target from $135 to $126, suggesting a more conservative valuation.
The Overweight rating suggests continued confidence in PACCAR's performance, but the lowered price target indicates a more cautious approach to its valuation. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100