Wells Fargo Maintains a 'Market Perform' on Navistar International (NAV); CEO Change A Near-Term Positive
Tweet Send to a FriendGet Alerts NAV Hot Sheet
Price: $38.03 --0%
Rating Summary:
5 Buy, 9 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 10 | Down: 20 | New: 16
Rating Summary:
5 Buy, 9 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 10 | Down: 20 | New: 16
Trade NAV Now!
Wells Fargo maintains a 'Market Perform' on Navistar International (NYSE: NAV).
Analyst, Andrew Casey, mentioned that the retirement of Chairman/CEO, Dan Ustian, isn't a real surprise, especially after the difficulty implementing the company's engine strategy. Casey thinks the surprise was the amount of time it took for the management changes (including adding Lewis B. Campbell as Executive Chairman and interim CEO and Troy Clarke to President/COO). All in, the Wells Fargo analyst thinks the moves are actually a positive catalyst.
However, the firm maintains a MP rating, citing headwinds from apparent declining military revenue potential, NAFTA truck cycle demand uncertainty and increased costs.
Shares spiked at the open, but have come in a little...last trade $23.75 (up $0.77) or (+3.35%)
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 $22.98 yesterday, with a 52 week range of $20.07-$48.18.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Analyst, Andrew Casey, mentioned that the retirement of Chairman/CEO, Dan Ustian, isn't a real surprise, especially after the difficulty implementing the company's engine strategy. Casey thinks the surprise was the amount of time it took for the management changes (including adding Lewis B. Campbell as Executive Chairman and interim CEO and Troy Clarke to President/COO). All in, the Wells Fargo analyst thinks the moves are actually a positive catalyst.
However, the firm maintains a MP rating, citing headwinds from apparent declining military revenue potential, NAFTA truck cycle demand uncertainty and increased costs.
Shares spiked at the open, but have come in a little...last trade $23.75 (up $0.77) or (+3.35%)
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 $22.98 yesterday, with a 52 week range of $20.07-$48.18.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Avoid QLogic Corp (QLGC) Says Goldman Sachs
- Navistar Hires Bill Kozek As President Of Its North America Truck And Parts Business
- Jefferies Bumps PT/Est. on AO Smith (AOS)
Create E-mail Alert Related Categories
Analyst Comments, Management ChangesRelated Entities
Wells Fargo
Login with Facebook
Sign 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!
