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Sterne Agee Reiterates Buy Rating, $50 PT for Navistar International Corporation

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In a flash note published earlier today, Sterne Agee Group, Inc. reiterated its Buy rating and $50.00 price target for Navistar International Corporation (NYSE: NAV).

Sterne Agee went on to say “Navistar announced that its Board of Directors has adopted a Shareholder Rights Plan (the "Plan"). According to Navistar, the plan is designed to deter coercive takeover tactics including the accumulation of shares in the open market or through private transactions, and to prevent an acquirer from gaining control of the company without offering a fair price to shareholders. The poison pill will be effective June 29th and will expire on June 18, 2013.”

Navistar International Corporation closed yesterday at $26.45.

Latest Ratings for NAV

DateFirmActionFromTo
Jun 2016Piper JaffrayDowngradesOverweightNeutral
Jun 2016Stifel NicolausDowngradesHoldSell
Mar 2016SusquehannaMaintainsNeutral

View More Analyst Ratings for NAV
View the Latest Analyst Ratings

Posted-In: Sterne Agee Group Inc.Analyst Color Reiteration Analyst Ratings

 

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