Goldman Sachs Upgrades Navistar International (NAV) to Neutral

Goldman Sachs upgraded Navistar International (NYSE: NAV) from Sell to Neutral with a price target of $38.00.

The firm sees a balanced risk-reward with the stock trading at a 12% discount to Machinery peers based on the firm's estimates which are 27% below consensus.

Goldman said while they remain bearish on military vehicle demand outlook, the sharp discount to consensus now appears priced in and visibility on North America truck recovery remains solid.

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 $34.89 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Freedom Broker Upgrades Serve Robotics (SERV) to Buy
• New Street Research Upgrades Micron Technology (MU) to Buy
• Stifel Upgrades Intuitive Machines Inc. (LUNR) to Buy