PACCAR Estimates Raised By Wells Fargo

Wells Fargo writes "[We] are increasing expectations on increased Q3 2010 NAFTA truck production outlook (due to higher build levels in first two months of the quarter) and modestly higher EU pricing. Increasing Q3 2010E to $0.30 (from $0.25) and consequently increasing 2010E to $1.24 (from $1.19). Maintaining 2011E $2.50, $47-50 valuation range and Market Perform rating." PACCAR Inc.

closed yesterday at $45.50.