04:20 AM EDT, 10/22/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We reaffirm our Sell view on PCAR shares following the company's Q3 earnings print, and keep our 12-month target price at $90 - implying downside from where shares are currently trading. We value shares at 15.5x our 2026 EPS outlook of $5.78 (down from $6.67; 2025 EPS outlook cut to $5.11 from $5.56), above the company's long-term average given that PCAR is expected to soon enter a period of earnings recovery as markets bottom out. While the Parts business shows signs of life, heavy duty truck sales have yet to stabilize - dropping by 31,900 units Y/Y. In PCAR's Q3 release, it updated its North American Class 8 truck shipment forecast to 230K-245K, down from the previous quarter's outlook of 230K-260K. The 2026 outlook was also somewhat downbeat with an expected increase (possibly flat) to only 230K-270K vehicles, implying that a V-shaped recovery should not be a base case assumption for next year. Section 232 will likely be a tailwind, but we do not see it being a quick fix for a sluggish market.