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Deutsche Bank Securities Maintains BUY Rating on Navistar International (NAV)
February 3, 2012

NEW YORK, February 3 (FinanceEnquiry.com) - Analysts at Deutsche Bank Securities maintain their Buy rating on the shares of Navistar International Corporation (NYSE: NAV). The 12-month target price is set to $54.

In a research note published yesterday, the analysts mention that Navistar International released the FY12 EPS guidance approximately in line with the expectations. Although, the initial FY12 EPS guidance range was of $5.00-$5.75, compared to the estimate of $5.40, in line with the investor expectations. Earnings will be more back half loaded than the Street broadly expected, the analysts add. Considering the supplier related volume constraints, NAV’s management directed to an earnings loss in Q1, as per Deutsche Bank Securities.
 

 

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