Tenneco (TEN) Not Supplying Aftertreatment on Navistar (NAV) Class 8 SCR Engines - Wells Fargo
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Price: $42.71 +0.92%
Rating Summary:
7 Buy, 11 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
7 Buy, 11 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Tenneco Inc. (NYSE: TEN) is trading lower today and analysts at Wells Fargo said based on conversations with the company they will not be supplying the aftertreatement for the new Navistar (NYSE: NAV) Class 8 engines equipped with SCR.
The firm said although this would have been a positive, the company is solidily positioned to benefit from the global tightening in emissions control.
They reiterated an Outperform rating on the stock.
Shares of TEN last traded down 4.2 percent to $27.02.
The firm said although this would have been a positive, the company is solidily positioned to benefit from the global tightening in emissions control.
They reiterated an Outperform rating on the stock.
Shares of TEN last traded down 4.2 percent to $27.02.
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