Paccar rises after JP Morgan upgrades to 'overweight'

Reuters
2025.12.19 10:49
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Paccar's stock rises 1.6% to $111.65 premarket after JP Morgan upgrades it to 'overweight' and raises the price target to $133. The new target suggests a 19.3% upside. JP Morgan expects margin recovery and positive pricing, with competitors needing to raise prices due to tariff changes, benefiting Paccar's market share. Currently, 7 out of 21 brokerages rate the stock as 'buy' or higher.