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Market Shares - USA - Paccar initiated with "underweight"
New York,NY,USA -Newratings.com -Sept 20, 2006: -- Analyst Igor Maryasis of Prudential Financial initiates coverage of Paccar Inc with an "underweight" rating... The target price is set to $45... In a research note published this morning, the analyst mentions that the impact of the decline in heavy-duty truck demand in North America is likely to be offset by the company's global presence and the performance of its financial services and parts business. Although Paccar's operating and financial execution has improved, the analyst believes that the company's stock is overvalued at present...
posted by Unknown @ 2:39 PM
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