Jefferies Maintains a 'Buy' on Navistar (NAV); Icahn Buys 10%
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Price: $44.50 --0%
Rating Summary:
9 Buy, 14 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 25
Rating Summary:
9 Buy, 14 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 25
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Jefferies maintains a 'Buy' on Navistar International (NYSE: NAV) price target of $70.00.
Jefferies analyst says, "Last night various Icahn investment funds filed as 9.8% owners of Navistar, stating the shares are "undervalued at current levels." Our view: An activist shareholder might be a catalyst for further consolidation in the global truck markets, but we see little opportunity for financial engineering."
For more ratings news on Navistar International click here and for the rating history of Navistar International click here.
Shares of Navistar International closed at $38.68 yesterday.
Jefferies analyst says, "Last night various Icahn investment funds filed as 9.8% owners of Navistar, stating the shares are "undervalued at current levels." Our view: An activist shareholder might be a catalyst for further consolidation in the global truck markets, but we see little opportunity for financial engineering."
For more ratings news on Navistar International click here and for the rating history of Navistar International click here.
Shares of Navistar International closed at $38.68 yesterday.
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