Market Overview

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

Related NAV
Benzinga's Top Downgrades
5 Small Caps That Could Get Bulldozed By Caterpillar Inc. (NYSE: CAT)
Oil: The Wildfire Spreads (Seeking Alpha)

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

Oct 2015Longbow ResearchDowngradesNeutral
Oct 2015Stifel NicolausInitiates Coverage onHold
Sep 2015Global HunterDowngradesAccumulateNeutral

View More Analyst Ratings for NAV
View the Latest Analyst Ratings

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


Related Articles (NAV)

View Comments and Join the Discussion!

Get Benzinga's Newsletters