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Wells Fargo Sticks to Its Hold Rating for Paccar (PCAR)

Tipranks - Tipranks - Thu Jan 29, 6:40AM CST

In a report released today, Jerry Revich from Wells Fargo maintained a Hold rating on Paccar, with a price target of $119.00.

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Revich covers the Industrials sector, focusing on stocks such as Cummins, Deere, and Paccar. According to TipRanks, Revich has an average return of 9.3% and a 58.81% success rate on recommended stocks.

In addition to Wells Fargo, Paccar also received a Hold from TipRanks – Anthropic’s Anthropic Agricultural – Machinery in a report issued today. However, on the same day, TipRanks – OpenAI downgraded Paccar (NASDAQ: PCAR) to a Buy.

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Based on Paccar’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $6.82 billion and a net profit of $556.9 million. In comparison, last year the company earned a revenue of $7.91 billion and had a net profit of $872 million

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