Jefferies Maintains a 'Buy' on PACCAR (PCAR); Adjusting Estimates
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Price: $131.06 -1.11%
Rating Summary:
12 Buy, 22 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 8
Rating Summary:
12 Buy, 22 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 8
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Jefferies maintains a 'Buy' on PACCAR (NASDAQ: PCAR) price target of $48.00.
Analyst, Stephen Volkmann, said, "After the close, PCAR provided guidance in its dividend announcement that 3Q total company truck production would decline 15-20% from 2Q, compared to previous commentary that NA would decline ~15%. We trim our 3Q EPS by $0.06 to $0.67 and full year 2012 by $0.10 to $3.10."
For an analyst ratings summary and ratings history on PACCAR click here. For more ratings news on PACCAR click here.
Shares of PACCAR closed at $41.71 yesterday.
Analyst, Stephen Volkmann, said, "After the close, PCAR provided guidance in its dividend announcement that 3Q total company truck production would decline 15-20% from 2Q, compared to previous commentary that NA would decline ~15%. We trim our 3Q EPS by $0.06 to $0.67 and full year 2012 by $0.10 to $3.10."
For an analyst ratings summary and ratings history on PACCAR click here. For more ratings news on PACCAR click here.
Shares of PACCAR closed at $41.71 yesterday.
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