Morgan Stanley Raises PACCAR (PCAR) Price Target Following Machinery Sector Model Updates

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Morgan Stanley has increased its price target for PACCAR (PCAR) to $109 from $102, while maintaining an Equal Weight rating, following updates to its North American machinery and construction coverage models. This adjustment comes after PACCAR reported $28.4 billion in revenue and $2.64 billion in adjusted net income for the full year 2025, marking its fourth most profitable year. The company’s CEO, Preston Feight, highlighted strong performance from PACCAR Parts and PACCAR Financial Services and noted benefits from U.S. manufacturing amidst tariff and emissions developments.

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