Avondale Downgrades Navistar (NAV); Shares Continue Lower

Shares of Navistar International (NYSE: NAV) are continuing lower Friday afternoon following an earlier downgrade from Avondale Partners. The firm now rates the stock a Market Perform, down from Market Outperform previously. The price target was lowered from $55 to $43.

The lowered investment rating follows a downgrade from Wells Fargo on Thursday and the resulting 2.9 percent decline in the stock.

Navistar shares are down about 1.7 percent to $35.25 Friday afternoon.

For an analyst ratings summary and ratings history on Navistar International click here. For more ratings news on Navistar International click here.

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