PACCAR

Goldman Sachs is out with its report today on PACCAR (NASDAQ: PCAR), lowering its price target from $65 to $60. In a note to clients, Goldman Sachs writes, "PCAR was down 8% yesterday (S&P +2%) as weaker 4Q margins and outlook prompted concerns over raw material inflation, pricing power, and...

RBC Capital Markets has initiated coverage for the followig companies: PACCAR Inc. (NASDAQ: PCAR) Sector Perform, price target $51 Navistar International Corporation (NYSE: NAV), Sector Perform, price target $47

Wells Fargo writes "[We] are increasing expectations on increased Q3 2010 NAFTA truck production outlook (due to higher build levels in first two months of the quarter) and modestly higher EU pricing. Increasing Q3 2010E to $0.30 (from $0.25) and consequently increasing 2010E to $1.24 (from $1.19...