PACCAR Offers Strong Cyclical Tailwinds, RBC Says

12:02 PM EDT, 09/10/2026 (MT Newswires) -- PACCAR (PCAR) is a "quality" operator with strong cyclical tailwinds but the stock has underperformed the sector since late July despite positive earnings momentum, RBC Capital Markets said in a Thursday research report. "This creates an attractive entry point for a stock highly geared to the nascent North American recovery," the report said. Following an analysis of market order data and its profit history, the note said this upcycle has a long way to run and consensus looks too low. RBC analysts raised their fiscal 2027 and 2028 EPS forecasts by 10% and 18%, respectively. They upgraded the stock to outperform from sector perform and increased their price target to $150 from $130. Price: 122.76, Change: +0.88, Percent Change: +0.72