PACCAR Stock Upgraded: What You Need to Know
Every day, Wall Street analysts upgrade some stocks, downgrade others, and "initiate coverage" on a few more. But do these analysts even know what they're talking about? Today, we're taking one high-profile Wall Street pick and putting it under the microscope...
PACCAR (NASDAQ: PCAR) stock crashed 8% after the company reported earnings last month, and hasn't really recovered much since. This morning, however, some good news arrived.
So far since earnings, two analysts -- Evercore ISI and Seaport Global Securities -- have used PACCAR's earnings report as an excuse to downgrade the stock. But breaking with that sentiment, this morning Argus Research announced it is upgrading PACCAR stock and assigning it a price target of $82 per share.
Source: Fool.com
PACCAR Inc. Stock
PACCAR Inc. is currently one of the favorites of our community with 12 Buy predictions and no Sell predictions.
As a result the target price of 107 € shows a slightly positive potential of 17.06% compared to the current price of 91.41 € for PACCAR Inc..
