Wolfe Research Downgrades PACCAR (PCAR) to Underperform

October 5, 2018 8:34 AM EDT
Get Alerts PCAR Hot Sheet
Price: $83.27 --0%

Rating Summary:
    12 Buy, 16 Hold, 4 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 6 | Down: 5 | New: 5
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Wolfe Research analyst Scott Group downgraded PACCAR (NASDAQ: PCAR) from Peerperform to Underperform.

Wolfe Research analyst Scott Group is adjusting his models for trucking as part of roll forward into 2019 and an introduction of 2020 estimates. He downgrades Trucking sub-sector to Market Underweight (from Market Weight) citing a later stage of the freight and economic cycle.

For an analyst ratings summary and ratings history on PACCAR click here. For more ratings news on PACCAR click here.

Shares of PACCAR closed at $69.65 yesterday.



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