UBS Maintains a 'Buy' on Navistar International (NAV); Cummins Announcement Positive, But N-T Headwinds Persist
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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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UBS maintains a 'Buy' on Navistar International (NYSE: NAV) price target of $28.00 (from $34.00).
Analyst, Henry Kirn, said, "Given positive feedback from recent channel checks (including our July 20 trucker survey), we see the announcement that NAV will use Cummins’ (NYSE: CMI) urea-based aftertreatment system and offer Cummins’ 15 liter engines as positive for the company’s longer-term prospects."
"Reflecting lower share and higher transition costs in 2H12 and 1H13, we lower our FY12E EPS to $5.50 loss (was $1.80 loss). Our revised FY13E of $3.00 (was $3.50) reflects weaker 1H13, before share and margin rebound in 2H13E. Our FY14E EPS is unchanged at $4.25."
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 $21.44 yesterday.
Analyst, Henry Kirn, said, "Given positive feedback from recent channel checks (including our July 20 trucker survey), we see the announcement that NAV will use Cummins’ (NYSE: CMI) urea-based aftertreatment system and offer Cummins’ 15 liter engines as positive for the company’s longer-term prospects."
"Reflecting lower share and higher transition costs in 2H12 and 1H13, we lower our FY12E EPS to $5.50 loss (was $1.80 loss). Our revised FY13E of $3.00 (was $3.50) reflects weaker 1H13, before share and margin rebound in 2H13E. Our FY14E EPS is unchanged at $4.25."
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 $21.44 yesterday.
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