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RBC Capital Sticks to Its Hold Rating for Paccar (PCAR)
RBC Capital analyst Nicholas Housden maintained a Hold rating on Paccar (PCAR) with a price target of $125.00, while Morgan Stanley also issued a Hold rating. In contrast, Bank of America Securities maintained a Buy rating for Paccar. Paccar’s latest quarterly earnings showed a revenue of $6.82 billion and a net profit of $556.9 million, a decrease from the previous year, and insider sentiment on the stock is negative due to increased selling activity.