Paccar, Inc. (PCAR) Tops Q4 EPS by 4c

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Wells Fargo Upgrades PACCAR (PCAR) to Outperform

February 1, 2013 6:53 AM EST

Wells Fargo upgraded PACCAR (NASDAQ: PCAR) from Market Perform to Outperform and raised its valuation range from to $55-58 from $40-43.

The firm comments, "We are upgrading PCAR to Outperform from Market Perform. We have previously not been positive on the stock, because we thought consensus expectations were too high. We now believe that... More