Market Overview

UPDATE: UBS Downgrades Navistar International Corporation to Neutral, Lowers PT to $36.00

Share:

On Tuesday, UBS downgraded shares of Navistar (NYSE: NAV) from Buy to Neutral and lowered the price target from $44 to $36.

Steven Fisher, analyst at UBS, believes the company's journey to improved profitability will be a “slower ramp” than expected.

Warranty expenses are declining at slower than forecast rate in 2014, according to Fisher.

The analyst expects lower than anticipated earnings per share the next two years.

Shares finished lower by 4.4 percent to $31.79 on Tuesday.

Latest Ratings for NAV

DateFirmActionFromTo
May 2019DowngradesBuyNeutral
Jan 2019DowngradesPositiveMixed
Dec 2018MaintainsOutperformOutperform

View More Analyst Ratings for NAV
View the Latest Analyst Ratings

Posted-In: Steven Fisher UBSAnalyst Color Downgrades Analyst Ratings

 

Related Articles (NAV)

View Comments and Join the Discussion!

Latest Ratings

StockFirmActionPT
DEReiterates175.0
AMWDMaintains92.0
FTDRMaintains55.0
REDUDowngrades
ZSDowngrades
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com

GW Pharmaceutical's Upcoming Epidiolex Data Has Relatively Low Bar for Success

Bank of America Downgrades Himax Technologies, Inc. to Underperform