RBC Capital Upgrades PACCAR to Outperform from Sector Perform
Fintel reports that on September 10, 2026, RBC Capital upgraded their outlook for PACCAR (NASDAQGS:PCAR) from Sector Perform to Outperform.
Prior to this rating action, PACCAR's stock closed at $121.88 on September 9, 2026. This latest close of $121.88 represents a price change of -0.20% over one week, compared to a baseline close of $122.13 on September 2, 2026. Over a one-month period, the stock experienced a price change of -8.44% from a baseline close of $133.11 on August 7, 2026. PACCAR Inc, based in the United States, is a prominent player in the global heavy-duty truck manufacturing industry. The company designs, manufactures, and supports light, medium, and heavy-duty trucks under the Kenworth, Peterbilt, and DAF nameplates. It also provides aftermarket parts, finance, and information technology services. PACCAR's key projects include innovations in electric, hybrid, and hydrogen fuel cell vehicle technologies.
As of August 28, 2026, the current consensus target mean for PACCAR was $141.18, with a median target of $141.78. This mean target represents an implied change of +15.83% from the stock's valuation. Previously, on August 4, 2026, the prior consensus target mean was $139.69, reflecting a consensus target revision of +1.06%. In terms of aggregate analyst recommendations, as of the current recommendation period on September 1, 2026, there were 26 total recommendations. These consisted of 5 strong buy, 6 buy, 14 hold, and 1 sell recommendations. This breakdown represents 42.3% positive, 53.8% hold, and 3.8% negative recommendations.
PACCAR last reported earnings on July 28, 2026. The company reported an actual earnings per share (EPS) of 1.43, which exceeded the EPS estimate of 1.3812, representing an EPS surprise of +3.53%. Actual revenue for the quarter was $7,546,700,000,000,000.00, compared to the revenue estimate of $7,409,387,232,000,000.00. Other recent analyst actions include Morgan Stanley maintaining an Equal-Weight rating on September 4, 2026, with a prior rating of Equal-Weight. Additionally, Evercore ISI Group maintained an Outperform rating on August 11, 2026, with a prior rating of Outperform.
Recent analyst actions
| Date | Analyst | Prior | Latest recommendation | Action |
|---|---|---|---|---|
| September 10, 2026 | RBC Capital | Sector Perform | Outperform | upgrade |
| September 4, 2026 | Morgan Stanley | Equal-Weight | Equal-Weight | maintained |
| August 11, 2026 | Evercore ISI Group | Outperform | Outperform | maintained |
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This story originally appeared on Fintel.