Argus upgraded Paccar (PCAR) to Buy from Hold with a $121 price target after its Q2 earnings. The firm notes that the company’s results reflected lower sales and earnings in the Truck division, lower sales results in Europe and the U.S., and lower y/y new truck deliveries, the analyst tells investors in a research note.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PCAR: