JPMorgan upgraded Paccar (PCAR) to Overweight from Neutral with a price target of $133, up from $108. Following the latest Section 232 proclamation that went into effect on November 1, the majority of Paccar’s tariff-related headwinds faced this year to be offset next year, the analyst tells investors in a research note. The firm believes this will bring margin recovery in 2026 while Paccar returns to positive pricing and volume growth. It sees a “multi-year share gain opportunity” post Section 232 for the company.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PCAR: