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

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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
Jun 2016Piper JaffrayDowngradesOverweightNeutral
Jun 2016Stifel NicolausDowngradesHoldSell
Mar 2016BairdMaintainsNeutral

View More Analyst Ratings for NAV
View the Latest Analyst Ratings

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

 

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