Barclays Chops Estimates and Price Target on Navistar (NAV); Strong Franchise, Weak End Markets with Execution Issues Sprinkled On Top
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Price: $37.43 -2.09%
Rating Summary:
5 Buy, 9 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
Rating Summary:
5 Buy, 9 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
Trade NAV Now!
Barclays maintains an 'Equalweight' on Navistar International (NYSE: NAV) price target of $27.00 (from $47.00).
Analyst, Andy Kaplowitz, said, "For the second consecutive quarter, NAV reported results well below what we think were muted expectations and lowered full-year guidance. While we noted some downside risk to our estimate heading into the quarter, we were surprised by the level of the miss, which we think reflects a number of execution issues."
Kaplowitz's pro/con view is Pro) Strong franchise value with well-known brand vs. Con) Weaker End Markets (like Military) and/or execution headwinds.
Barclays slashes FY12 EPS estimates from $3.85 to $0.80 and FY13 from $6.20 to $3.00.
For an analyst ratings summary and ratings history on Navistar International click here. For more ratings news on Navistar International click here.
Shares of Navistar International closed at $24.11 yesterday, with a 52 week range of $20.21-$59.06.
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Analyst, Andy Kaplowitz, said, "For the second consecutive quarter, NAV reported results well below what we think were muted expectations and lowered full-year guidance. While we noted some downside risk to our estimate heading into the quarter, we were surprised by the level of the miss, which we think reflects a number of execution issues."
Kaplowitz's pro/con view is Pro) Strong franchise value with well-known brand vs. Con) Weaker End Markets (like Military) and/or execution headwinds.
Barclays slashes FY12 EPS estimates from $3.85 to $0.80 and FY13 from $6.20 to $3.00.
For an analyst ratings summary and ratings history on Navistar International click here. For more ratings news on Navistar International click here.
Shares of Navistar International closed at $24.11 yesterday, with a 52 week range of $20.21-$59.06.
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