Paccar Inc. (PCAR) Plunges 3.54% After UBS Downgrade

Paccar Inc. (PCAR) shares fell to their lowest level since November 2023 today, with an intraday decline of 3.54%.

UBS analyst Steven Fisher downgraded PACCAR Inc. from Buy to Neutral, setting a price target of $108. This downgrade likely contributed to the decrease in PACCAR's stock price. The analyst's change in rating may have influenced investor sentiment, leading to a sell-off in the stock.

Paccar, along with other companies, raised their first-quarter 2025 dividends. While higher dividends are generally seen as a positive factor for investors, they may not directly explain a decrease in stock price unless market expectations were different. The dividend increase could have been anticipated by the market, leading to a muted reaction or even a sell-off if investors were already pricing in the higher dividend.