-- CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:
We trim our 12-month target to $105 from $110, valuing shares at 15.6x our 2027 EPS outlook of $6.75 (revised from $7.05; 2026 EPS view adjusted to $5.62 from $5.57). Despite reporting earnings results in line with expectations, PCAR navigated several notable headwinds in Q1. Management explicitly described the high-margin Parts market as "soft," attributing weakness to operating cost volatility and high fuel prices that caused customers to delay optional parts purchases. This softness is expected to continue into Q2, with the company guiding for only 3% parts growth. Furthermore, NA Class-8 truck shipments continued to fall (to 17.8K from 22.2K), with PCAR characterizing the pricing environment as competitive, noting that its customers are just beginning to see their own financial conditions improve. These market-based challenges were compounded by persistent cost pressures from raw materials and energy.