Wells Fargo Maintains a 'Market Perform' on Navistar International (NAV); CEO Change A Near-Term Positive
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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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Wells Fargo maintains a 'Market Perform' on Navistar International (NYSE: NAV).
Analyst, Andrew Casey, mentioned that the retirement of Chairman/CEO, Dan Ustian, isn't a real surprise, especially after the difficulty implementing the company's engine strategy. Casey thinks the surprise was the amount of time it took for the management changes (including adding Lewis B. Campbell as Executive Chairman and interim CEO and Troy Clarke to President/COO). All in, the Wells Fargo analyst thinks the moves are actually a positive catalyst.
However, the firm maintains a MP rating, citing headwinds from apparent declining military revenue potential, NAFTA truck cycle demand uncertainty and increased costs.
Shares spiked at the open, but have come in a little...last trade $23.75 (up $0.77) or (+3.35%)
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 $22.98 yesterday.
Analyst, Andrew Casey, mentioned that the retirement of Chairman/CEO, Dan Ustian, isn't a real surprise, especially after the difficulty implementing the company's engine strategy. Casey thinks the surprise was the amount of time it took for the management changes (including adding Lewis B. Campbell as Executive Chairman and interim CEO and Troy Clarke to President/COO). All in, the Wells Fargo analyst thinks the moves are actually a positive catalyst.
However, the firm maintains a MP rating, citing headwinds from apparent declining military revenue potential, NAFTA truck cycle demand uncertainty and increased costs.
Shares spiked at the open, but have come in a little...last trade $23.75 (up $0.77) or (+3.35%)
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 $22.98 yesterday.
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