Form 8-K/A PACCAR INC For: Apr 24

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Jefferies upgrades PACCAR (PCAR) on shifting sentiment, sees 'huge' 2025/26

July 17, 2023 12:05 PM EDT

PACCAR (NASDAQ: PCAR) was lifted to Buy from Hold with a price target of $115, up from $85 per share, at Jefferies on Monday.

Analyst Stephen Volkmann told investors in a note that the shifting sentiment will unlock valuation upside in the shares.

"We... More