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UPDATE: JP Morgan Upgrades Navistar International to Neutral on Balanced Risk/Reward

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Benzinga's Top Upgrades, Downgrades For March 8, 2017

JP Morgan raises its rating on Navistar International (NYSE: NAV) from Underweight to Neutral with the same $30 price target on shares.

JP Morgan notes, "We are upgrading NAV from Underweight to Neutral, as we believe that after last week's miss and yesterday's Court of Appeals ruling coupled with the number of companies expressing some interest in the name, the upside and downside risks are balanced, in our view. We continue to view NAV cautiously; we note several ongoing risks such as timing of EPA approval and ongoing execution risks. That said, in the worst case scenario, i.e., no EPA approval, we believe that the company would likely have to turn to a partner with engine technology."

NAV closed at $27.15 on Tuesday.

Latest Ratings for NAV

DateFirmActionFromTo
Mar 2017Stifel NicolausUpgradesSellHold
Dec 2016Aegis CapitalInitiates Coverage OnBuy
Oct 2016JefferiesMaintainsBuy

View More Analyst Ratings for NAV
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