Truist Financial analyst Jamie Cook maintains $PACCAR Inc (PCAR.US)$ with a hold rating, and adjusts the target price from $103 to $107.
According to TipRanks data, the analyst has a success rate of 68.2% and a total average return of 13.8% over the past year.
Furthermore, according to the comprehensive report, the opinions of $PACCAR Inc (PCAR.US)$'s main analysts recently are as follows:
The market reaction post-Q3 earnings indicates a heightened sensitivity to the notion that the company's margins might experience significant normalization come 2025. However, it is believed that the positive aspects highlighted in the quarter's results suggest a promising outlook leading up to 2025, overshadowing the negatives.
Following Paccar's Q3 report, which showcased a sales beat albeit with a gross margin miss, it's posited that Q4 might represent the lowest point for margins and earnings in the current down-cycle.
Note:
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