PACCAR Inc PCAR shares, despite trading at a multiple above the five-year historical average, still offer room for further upside, Argus said in a Monday morning note. PACCAR outperformed over the past quarter, adding 6 percent compared to the S&P 500's 4 percent, said analyst John Eade. Argus upgraded its rating on the shares of PACCAR from Hold to Buy with a $82 price target. Read moreThere is a breakout of the rising channel. But consolidation seems like the best scenario for this. $PCAR, PACCAR Inc. / D