Paccar price target raised to $121 from $117 at Truist

Truist raised the firm’s price target on Paccar to $121 from $117 and keeps a Hold rating on the shares. The company reported another impressive quarter with Q1 EPS beat while hitting the high end of the margin target at 19.0% on in line truck deliveries, the analyst tells investors in a research note. Pricing is beginning to normalize at approximately 3% in the quarter, which was offset by inflation, Truist added.