Paccar price target raised to $108 from $92 at BofA

BofA analyst Ross Gilardi raised the price target on Paccar to $108 from $92 and keeps an Underperform rating on the shares. Paccar reported a strong Q4 with $2.64, 14% ahead of BofA driven by better than expected deliveries, gross margin, and other income, the firm tells investors in a research note on Friday.