Fleet Survey Suggests Share Gains Likely for Navistar (NAV), Piper Jaffray Said

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UBS Cuts Price Target on Navistar (NAV) Following 4Q Guidance Release

September 3, 2015 8:08 AM EDT

UBS maintained a Neutral rating on Navistar International (NYSE: NAV), and cut the price target to $18.00 (from $27.00), following the company's 4Q15 guidance. NAV is targeting 4Q adjusted EBITDA of $175-225m, up from $129m in 3Q.

Analyst Steven Fisher commented, "NAV... More