Goldman Sachs Downgrades Navistar International (NAV) to Sell
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Price: $44.50 --0%
Rating Summary:
9 Buy, 14 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
9 Buy, 14 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Goldman Sachs downgraded Navistar International (NYSE: NAV) from Neutral to Sell with a price target of $38 (down from $39).
The firm expects consensus 2012-2013 estimates to be reduced by 30% driven by a steeper downturn in US military vehicle demand and the resultant margin pressure.
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 $41.51 yesterday.
The firm expects consensus 2012-2013 estimates to be reduced by 30% driven by a steeper downturn in US military vehicle demand and the resultant margin pressure.
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 $41.51 yesterday.
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