Jefferies Reiterates Buy Rating On Navistar International (NAV)

Jefferies & Co. released a report today reiterating their Buy rating on shares of Navistar International NAV. The firm's analysts wrote that "NAV is the purest play on any North American truck market recovery, which appears to be starting now, driven by pent-up replacement demand and new emissions regulations." Jefferies has a $75.00 price target on the stock. During today's trading session, NAV has jumped 4.91% to $52.70. The Jefferies analysts wrote that risks to their price target include a longer or deeper downturn in the North American truck market as well as a potential lack of adoption of NAV"s enhanced EGR engine technology.