Freedom Broker upgrades PACCAR to Buy and cuts price target to $120
Freedom Broker upgraded PACCAR to Buy from Hold and cut its price target to $120 from $132, a 9.1% reduction, according to TradingView.
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what happened
Freedom Broker upgraded its rating on PACCAR shares to Buy from Hold. At the same time, it lowered the price target to $120 from $132, a 9.1% decrease. The new target implies an upside of 17.8% from the October 30 close of $101.91.
According to TradingView, across the four most recent analyst notes over the past 30 days, price targets for the stock ranged from $115 to $132. Recent notes from JP Morgan and Truist Securities also sit within that range.
why it matters
An upgrade combined with a lower target points to more measured expectations for the stock's gains. Such a revision rarely moves the market for a large truck maker on its own, so investors will likely focus more on the sector outlook and the company's earnings.
tags
instruments
sources
- Freedom Broker upgrades PACCAR to Buy from Hold, lowers price target to $120 from $132 — TradingView, 31 October 2026 at 01:29 UTC
- Freedom Broker upgrades Mondelez International to Buy from Hold, sets price target at $71 — TradingView, 31 October 2026 at 01:36 UTC
- Freedom Broker upgrades Nucor to Buy from Hold, raises price target to $304 from $285 — TradingView, 31 October 2026 at 01:33 UTC
- Freedom Broker upgrades Garrett Motion to Buy from Hold, lowers price target to $31 from $34 — TradingView, 31 October 2026 at 01:38 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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