D.A. Davidson Maintains Navistar International Buy

D.A. Davidson maintained its Navistar International (NYSE: NAV) Buy rating following Navistar's annual Analyst Day held yesterday in a research report published today. D.A. Davidson has a $60 price target on the company.

In the report, D.A. Davidson states, "Military is expected to be ~$1.5 billion in 2012 (from ~$2 billion in 2011). Budget pressures are evident, but Navistar continues leveraging existing commercial assets to develop innovative, off the shelf solutions for the military."

Shares of Navistar International were trading at $46.00 at the time of posting, up 1.50% from Wednesday's market close.