Jefferies Lowers Estimates on Navistar International (NAV); Back to Baby Steps
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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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Jefferies maintains a 'Buy' on Navistar International (NYSE: NAV) price target of $45.00.
Analyst, Stephen Volkmann, said, "NAV reported F3Q EPS of $(0.20), excluding restructuring, NCPs, and tax benefits. Results were better than dire expectations. 4Q guidance was not given due to volume uncertainties, but management indicated it is initiating a strategic review of its businesses and is focused on executing the engine transition and improving operations going forward."
Q4 EPS estimate slashed from $2.28 to (1.25), FY12 from (1.50) to (4.36).
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 $23.97 yesterday.
Analyst, Stephen Volkmann, said, "NAV reported F3Q EPS of $(0.20), excluding restructuring, NCPs, and tax benefits. Results were better than dire expectations. 4Q guidance was not given due to volume uncertainties, but management indicated it is initiating a strategic review of its businesses and is focused on executing the engine transition and improving operations going forward."
Q4 EPS estimate slashed from $2.28 to (1.25), FY12 from (1.50) to (4.36).
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 $23.97 yesterday.
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