Navistar (NAV): Raising PT On Product Announcements - Aegis

Aegis Capital analyst, Jeffrey Kauffman, reiterated his Buy rating on shares of Navistar International (NYSE: NAV) and raised his price target to $50 from $45 after the company announced a series of new products in collaboration with Volkswagen Truck & Bus. The analyst believes these are likely to elevate the company's profile competitively for years to come, with the potential to earn $3.00-$4.00+ in EPS again longer term.

The analyst stated "after attending NAV's press conference at the NACV Truck Show in Atlanta, touring the company's new products and speaking with management, there is clarity in the new message the company is sending - Navistar is emerging from a period of playing defense and fixing its problems, to offense".

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 $42.14 yesterday.

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