PACCAR Downshifts Ahead
Thu. October 09, 2008; Posted: 07:10 AM
Oct 09, 2008 (Zacks Investment Research via COMTEX) --
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PowerRating -- PACCAR Inc. (PCAR) is a designer, manufacturer and customer support provider of premium light-, medium- and heavy-duty trucks. The company is benefiting from rising prices and increasing market share, along with strong growth in Mexico and Australia. However, a strong Class 8 market downturn in the US leads us to rate the stock a Hold with a target of $35.00. PACCAR is the third-largest manufacturer of Class 6-8 heavy-duty trucks (with capacity of more than 15 metric tons) in the world after Volvo and Daimler (DAI).The company also provides customer support for its products with the supply of aftermarket parts, finance and leasing services. Currently, the stock is valued at 10.2x our 2008 earnings of $3.26. Its $35 target price is 10.7x our 2008 earnings estimate.Read the full analyst report on PCAR
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For full details on Paccar Inc (PCAR)
click here. Paccar Inc (PCAR) has Short Term PowerRatings of 4. Details on Paccar Inc (PCAR) Short Term PowerRatings is available at
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