Wolfe Research upgraded Paccar (PCAR) to Peer Perform from Underperform without a price target The firm cites increased visibility into the company’s margins troughing in Q4 with new Section 232 clarity for the upgrade. While he net tariff impact will still be negative, Paccar is moving from a competitive disadvantage versus peers producing in Mexico to a relative competitive advantage, the analyst tells investors in a research note.
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