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Stock Market & Financial Investment News

News Breaks
July 3, 2014
09:50 EDTPCARPACCAR rises even after Volkswagen denies bidding for company
Earlier reports from Bernstein and ISI Group quoted Daimler (DDAIY) truck chief Wolfgang Bernhard, saying that he had been told Volkswagen wanted to acquire Paccar (PCAR). A Volkswagen (VLKAY) spokesperson has since denied that report. Nonetheless the shares are up 5% to $67.02 at time of writing. Resistance at that price is at $67.58, the session high, and then at $68.81 which is the 52-week high. Support is at $66.29.
News For PCAR From The Last 14 Days
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May 11, 2015
11:38 EDTPCARPACCAR management to meet with JPMorgan
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11:37 EDTPCARPACCAR management to meet with Jefferies
Meetings to be held in Denver/Minneapolis on May 12-13 hosted by Jefferies.
May 8, 2015
07:13 EDTPCARPACCAR comments do not suggest truck cycle peaking, says UBS
UBS met with PACCAR management and said their comments do not suggest a 2015 peak in the truck cycle. The company's comments suggest the cycle will continue as long as the macro growth continues, which could mean management forecasts may be conservative, UBS added. The company also suggested the potential for upside on both the top-line and margins in the parts business, UBS said. The firm reiterated its Buy rating and $77 price target on PACCAR shares.

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