Paccar: The Price Has Come Down Far Enough Now PACCAR is rated Buy, leveraging sector rotation-driv...

Paccar: The Price Has Come Down Far Enough Now PACCAR is rated Buy, leveraging sector rotation-driven weakness to enter a stable, cash-rich business at below-sector multiples. PCAR's non-trucking segments provide stable earnings, representing over 60% of forecasted 2023 EPS, acting as a defensive earnings shield. Truck segment margins are recovering, with Q3 deliveries guided to 42,000 units and gross margins expected to reach 14.5%.