** Shares of truckmaker PACCAR PCAR.O up 1% at about $103, in premarket trade
** Argus Research upgrades rating to "buy" from "hold", price target unchanged at $121, an upside of 19.1% from the last close
** Co on Tuesday posted Q2 adj. profit above analysts' estimate
** Research firm sees co's new truck deliveries beginning to improve in early 2026; also expects sales and margin recovery in the coming year
** Argus expects co to benefit from the recently passed "One Big Beautiful Bill Act", which is projected to support economic growth and infrastructure investment
** However, the research firm cuts 2025 EPS forecast to $5.51 from $7.53
** Seven of 22 brokerages rate the stock "buy" or higher, 13 "hold" and two "sell" or lower; their median PT is $102.50- data compiled by LSEG
** As of last close, stock had fallen 2.4% YTD
(Reporting by Apratim Sarkar)
((Apratim.Sarkar@thomsonreuters.com))
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