Truist cuts PACCAR target to USD 125 for PACCAR stock

Published on 10/08/2026 at 16:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The Hold rating stayed as the target fell from USD 139 to USD 125. PACCAR stock costs EUR 94.84 on October 8, 2026 versus EUR 95.11, minus 0.28 percent.

Key points in brief

Truist cut its PACCAR price target from USD 139.00 to USD 125.00 on October 5, 2026, while keeping a Hold rating.
PACCAR reported USD 7.55 billion in second-quarter 2026 revenue and USD 752.0 million in net income.
The Lang & Schwarz price was EUR 94.84 on October 8, 2026, minus 0.28 percent versus EUR 95.11.
PACCAR is scheduled to report third-quarter results on October 27, 2026, with the next ex-dividend date on November 10, 2026.

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PACCAR Inc. (ISIN US6937181088) was trading at EUR 94.84 at Lang & Schwarz on October 8, 2026 at 4:30 p.m. CEST, minus 0.28 percent versus the prior close of EUR 95.11. As Markets Insider reported 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.

Three dated signals shape PCAR

On April 28, 2026, PACCAR reported first-quarter revenue of USD 6.78 billion and net income of USD 605.3 million. On July 28, 2026, second-quarter revenue reached USD 7.55 billion and net income rose to USD 752.0 million. On October 5, 2026, Truist cut its target from USD 139.00 to USD 125.00, placing the analyst view after the latest earnings update.

PACCAR said second-quarter 2026 diluted earnings per share were USD 1.43, up from USD 1.37 in the second quarter of 2025. Parts revenue reached a record USD 1.75 billion, compared with USD 1.72 billion a year earlier, while cash from operations totaled USD 700.8 million.

What does the target cut change?

The lower target matters because the next earnings test arrives after a quarter with higher net income but only modest revenue growth. Truist cited higher interest rates, diesel costs and other input costs as risks in its October 5 note, while still describing the setup for third-quarter results as constructive.

PACCAR's balance sheet included USD 5.57 billion in cash and cash equivalents at June 30, 2026. The latest market capitalization was USD 56.0 billion on October 8, 2026, and the 52-week range was USD 92.25 to USD 139.24, leaving the Lang & Schwarz euro quote inside the converted home-market range.

Next dates carry the next test

Yahoo Finance lists October 27, 2026 as PACCAR's next earnings date and November 10, 2026 as the ex-dividend date for the USD 0.35 quarterly dividend. The dates give investors two measurable reference points after the target reduction.

Stock stays below the prior close

PACCAR stock was trading at EUR 94.84 at Lang & Schwarz on October 8, 2026 at 4:30 p.m. CEST, minus 0.28 percent versus the prior close of EUR 95.11. The further course of trading is shown by the continuously updated real-time quote of PACCAR stock.