Paccar: The Truck Cycle May Be Turning, But The Market Needs Evidence Before Repricing

Paccar, a manufacturer of trucks, has stated that the truck cycle may be turning, but that the market needs more evidence before repricing the stock.

The company's CEO, Preston Feight, made the comments at a conference this week.

Paccar's stock price has been volatile in recent months due to concerns about the global economy and supply chain disruptions.