** Shares of truck-maker PACCAR PCAR.O rise 1.76% to $110 in premarket trade

** Brokerage BofA Global Research upgrades stock rating on PCAR to "buy" from "neutral"

** BofA says the truck market will be first to balance in an end machinery market which is contending with too much equipment amid slowing demand

** says PCAR is one of the few original equipment manufacturers likely to report "a new peak EPS" in 2026

** Brokerage also raises truck engine maker Cummins CMI.N to "neutral" from "underperform" citing "positive view" on the U.S. truck production cycle

** PCAR was up 6.52% in 2024

(Reporting by Anshuman Tripathy)

((Anshuman.Tripathy@thomsonreuters.com))