Navistar (NAV) Posts Mixed Q1 Results
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March 9, 2016 9:12 AM EST
UBS reiterated a Neutral rating on Navistar International (NYSE: NAV), and raised the price target to $11.00 (from $8.00), following the company's 1Q earnings report. On its 4Q call, NAV noted market share of Class 8 orders had been picking up over the last 6 months, to... More
March 9, 2016 8:28 AM EST
Despite reducing guidance Stifel analyst, Michael Baudendistel, thinks Navistar International's (NYSE: NAV) lower hurdle is still not a slam dunk. The firm made no change to Hold rating.
Navistars F1Q16 results were relatively strong, with adjusted EBITDA easily exceeding the companys guidance and the Street consensus estimateand without any benefit from adjustments. But, the company also took its 2016 guidance down to the lower end of its prior range, driven largely by a lower... More
