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
With 11 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
With a target price of 108 € there is a slightly positive potential of 10.94% for PACCAR Inc. compared to the current price of 97.35 €.
