UBS Maintains a 'Buy' on Navistar International (NAV); Cummins Announcement Positive, But N-T Headwinds Persist
Tweet
Share
E-mailGet Alerts NAV Hot Sheet
Price: $44.50 --0%
Rating Summary:
9 Buy, 14 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 9 | New: 45
Rating Summary:
9 Buy, 14 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 9 | New: 45
Join SI Premium – FREE
UBS maintains a 'Buy' on Navistar International (NYSE: NAV) price target of $28.00 (from $34.00).
Analyst, Henry Kirn, said, "Given positive feedback from recent channel checks (including our July 20 trucker survey), we see the announcement that NAV will use Cummins’ (NYSE: CMI) urea-based aftertreatment system and offer Cummins’ 15 liter engines as positive for the company’s longer-term prospects."
"Reflecting lower share and higher transition costs in 2H12 and 1H13, we lower our FY12E EPS to $5.50 loss (was $1.80 loss). Our revised FY13E of $3.00 (was $3.50) reflects weaker 1H13, before share and margin rebound in 2H13E. Our FY14E EPS is unchanged at $4.25."
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 $21.44 yesterday.
Analyst, Henry Kirn, said, "Given positive feedback from recent channel checks (including our July 20 trucker survey), we see the announcement that NAV will use Cummins’ (NYSE: CMI) urea-based aftertreatment system and offer Cummins’ 15 liter engines as positive for the company’s longer-term prospects."
"Reflecting lower share and higher transition costs in 2H12 and 1H13, we lower our FY12E EPS to $5.50 loss (was $1.80 loss). Our revised FY13E of $3.00 (was $3.50) reflects weaker 1H13, before share and margin rebound in 2H13E. Our FY14E EPS is unchanged at $4.25."
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 $21.44 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Wells Fargo Upgrades Kroger (KR) to Overweight, 'Building Catalysts Point to Attractive Stock Setup'
- Piper Sandler Upgrades CNO Financial Group (CNO) to Overweight
- CMS Energy (CMS) PT Raised to $65 at BofA Securities
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
UBSSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
