D.A. Davidson Previews Navistar: Buy, $60 PT

D.A. Davidson previewed Navistar NAV earnings in a research report published today. D.A. Davidson has a Buy rating and $60 price target on the company. In the report, D.A. Davidson stated, "Q1 is traditionally a seasonally weak quarter and we anticipate upcoming results will be no exception. Additionally, issues with a brake supplier have caused the company to delay some shipments, (highlighted at the recent analyst day presentation). We expect there to be some impact related to this issue in Q1 which should spill over into Q2." Later in the report, D.A. Davidson noted, "Overall truck orders continue to exceed expectations as the fleet age remains elevated." Shares of Navistar were trading at $40.02 at the time of posting, down 0.94% from Friday's market close.