 Bernstein analyst Chad Dillard upgraded PACCAR Inc NASDAQ:PCAR to Outperform from Market Perform and raised the price target to 98 an upside of 16 from 94. Dillard says concerns about the end of the machinery cycle in 2022 are overdone; he adds that the market does not fully appreciate the pricing opportunity, which will drive 1.07 of EPS growth in 2022. 