BNP Paribas Starts PACCAR (PCAR) at Neutral, Cites Improving European Orders

PACCAR Inc (NASDAQ:PCAR) is included among the 13 NASDAQ Stocks with Highest Dividends.

BNP Paribas Starts PACCAR (PCAR) at Neutral, Cites Improving European Orders

On March 31, BNP Paribas initiated coverage of PACCAR Inc (NASDAQ:PCAR) with a Neutral rating. It also set a $126 price target on the stock. The firm said order momentum is building for European trucks.

During the Q4 2025 earnings call, CEO Preston Feight pointed to strong financial results, stating that PACCAR generated $6.8 billion in revenue and $557 million in net income for the quarter. He added that full-year performance reached $28.4 billion in revenue and $2.64 billion in adjusted net income, describing it as the company’s fourth most profitable year on record and extending its streak to 87 consecutive years of profitability.

He also noted that both PACCAR Parts and PACCAR Financial Services delivered record results for both the quarter and the full year. Looking ahead, Feight indicated that the 2026 Class 8 truck market in the U.S. and Canada is expected to fall between 230,000 and 270,000 units. He said improving economic conditions, a clearer regulatory and tariff environment, and better freight trends are likely to support demand. He also highlighted continued momentum for DAF Trucks, pointing to expansion efforts and industry recognition across Europe and South America.

PACCAR Inc (NASDAQ:PCAR) is a multinational company across three main industry segments. Its Truck segment focuses on the design, manufacture, and distribution of light-, medium-, and heavy-duty commercial trucks.

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