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UPDATE: Goldman Sachs Reiterates Neutral Rating, Lowers PT for Navistar International

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UPDATE: Morgan Stanley Downgrades Navistar International On Head-On Collision Between Consensus And Reality
Benzinga's M&A Chatter for Thursday March 5, 2015

In a company update published earlier today, the Goldman Sachs Group, Inc. reiterated its Neutral rating for Navistar International Corporation (NYSE: NAV), but lowered its price target from $33.00 to $25.00.

Goldman Sachs went on to say “While we expect the EPA to ultimately approve Navistar's engine submission, we believe profitability on the platform will prove challenging as the new engine requires several increasingly complex, low production volume components and, as a result, also higher per unit warranty repair costs.”

Navistar International Corporation closed on Friday at $24.11.

Latest Ratings for NAV

DateFirmActionFromTo
Mar 2015Morgan StanleyDowngradesEqual-weightUnderperform
Feb 2015JP MorganDowngradesOverweightUnderweight
Dec 2014Deutsche BankMaintainsHold

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View the Latest Analyst Ratings

Posted-In: Goldman Sachs Group Inc.Analyst Color Price Target Reiteration Analyst Ratings

 

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