Truist cuts PACCAR target to USD 125.00 for PACCAR stock

Published on 10/07/2026 at 15:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

PACCAR earned USD 752.0 million in the second quarter, up from USD 723.8 million. PACCAR stock costs EUR 96.88 after EUR 97.09, minus 0.22 percent.

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PACCAR Inc. (ISIN US6937181088) was trading at EUR 96.88 at Lang & Schwarz on October 7, 2026 at 3:35 p.m. CEST, down 0.22 percent versus the prior close of EUR 97.09. According to Markets Insider on October 5, 2026, Truist analyst Jamie Cook lowered the PACCAR target from USD 139.00 to USD 125.00 and kept a Hold rating.

Target cut meets stronger earnings

The target reduction came as Truist previewed third-quarter results, while PACCAR's latest reported quarter showed higher profit. In the second quarter of 2026, PACCAR posted USD 752.0 million in net income, compared with USD 723.8 million in the second quarter of 2025, according to PACCAR.

Second-quarter net sales and financial services revenues reached USD 7.55 billion, versus USD 7.51 billion a year earlier. Diluted earnings per share increased to USD 1.43 from USD 1.37, while global truck deliveries were 38,700 units.

Parts business holds the margin

PACCAR Parts supplied an important counterweight to the truck cycle. Its second-quarter revenue rose to USD 1.75 billion from USD 1.72 billion in the same period of 2025, while pretax income increased to USD 417.0 million from USD 416.5 million, the company reported.

Cash generated from operations was USD 700.8 million in the second quarter of 2026. For the first half of 2026, total revenue was USD 14.32 billion, down from USD 14.95 billion in the first half of 2025, showing that stronger profit has not yet translated into broader top-line growth.

Results date sets the next test

Yahoo Finance lists October 27, 2026 as PACCAR's next earnings date. That report will test whether improving freight conditions and parts demand can offset pressure from truck volumes, interest rates and input costs cited in the October 5 Truist note.

Stock remains below its yearly high

PACCAR's NASDAQ-listed shares had a market capitalization of USD 57.0 billion as of October 7, 2026. The same-day primary-market range ran from USD 92.25 to USD 139.24 over 52 weeks, placing the company in a broad valuation band ahead of the results.

PACCAR was trading at EUR 96.88 at Lang & Schwarz on October 7, 2026 at 3:35 p.m. CEST, minus 0.22 percent versus the Lang & Schwarz prior close of EUR 97.09 on October 6, 2026. The further course of trading is shown by the continuously updated real-time quote of PACCAR stock.