Barclays Cuts Q2 Estimates on Navistar International (NAV) Ahead of Earnings Report; Taking Cautious Stance

Barclays maintains an 'Equalweight' on Navistar International (NYSE: NAV) price target of $47.00.

Analyst, Andy Kaplowitz, said, "We remain cautious around NAV's upcoming FY2Q earnings release, as the company continues to face several challenges in the near-term...We lower our FY2Q EPS estimate to $0.65 from $0.80 and our FY12 EPS estimate to $3.85 from $4.00."

Although, Kaplowitz, says the stock is looking more attractive for long-term investors, with solid opportunities (long-term) and current valuation. But, the company does have a lot of moving parts

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 $27.52 yesterday.

---

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

---

You May Also Be Interested In

• Walmart (WMT) PT Lowered to $130 at UBS on Investment Narrative's Competing Dynamics
• Ross Stores, Inc. (ROST) PT Raised to $240 at Bernstein SocGen Group
• Mizuho Reiterates Outperform Rating on Broadcom Limited (AVGO) Into EPS