Tariff Announcement Gives PACCAR Stock a Lift

Company Overview - PACCAR Inc, a Texas-based trucking stock, is experiencing a rise of 5% to $100.35, with a peak of $102.30, driven by recent tariff updates [1] - The company owns notable heavy truck manufacturers, Peterbilt and Kenworth, which are set to benefit from a 25% tariff on imported heavy trucks starting October 1 [1] Market Performance - Despite today's increase, PACCAR's stock is down 3.8% year-to-date, although it has been trading within an ascending channel since April [2] - The stock has recently surpassed key moving averages at the $99 level, including the 20-, 50-, and 200-day trendlines [2] Analyst Sentiment - Among 18 brokerages covering PACCAR, 12 have a "hold" or worse rating, indicating a cautious outlook [4] - The 12-month consensus price target for PACCAR is $104.11, representing a modest 4.1% premium over current stock levels [4]