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UPDATE: BMO Capital Markets Reiterates Outperform Rating, Raises PT on PACCAR

Related PCAR
Earnings Scheduled For July 25, 2017
Should Value Investors Consider PACCAR (PCAR) Stock?

In a report published Friday, BMO Capital Markets reiterated its Outperform rating on PACCAR (NASDAQ: PCAR), and raised its price target from $50.00 to $57.00.

BMO Capital Markets noted, “PACCAR reported 4Q12 EPS of $0.72, beating our estimate of $0.69 and consensus of $0.68, though results were slightly boosted by the capitalization of a cost previously expensed and a lower tax rate. Updated 2013 industry Class 8 retail sales outlook was maintained at 210-240K in the US and Canada, which is in line with ACT Research's estimate of 227.5K units (versus 228.3K in 2012). European retail sales outlook was also maintained at 210-250K units (versus 222K in 2012), with management mentioning the potential for a pre-buy on the transition to Euro 6 engines in 2014.”

PACCAR closed on Thursday at $47.06.

Latest Ratings for PCAR

Sep 2017BuckinghamInitiates Coverage OnNeutral
Jul 2017CitigroupMaintainsBuy
Jun 2017Goldman SachsUpgradesNeutralBuy

View More Analyst Ratings for PCAR
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Posted-In: BMO Capital MarketsAnalyst Color Price Target Analyst Ratings


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