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Fly News Breaks for September 4, 2015
NAV
Sep 4, 2015 | 08:47 EDT
Morgan Stanley said its negative thesis on Navistar remains intact and maintains its Underweight rating and lowered its price target to $12. The analyst's FY16 adjusted manufacturing EBITDA estimate is 20% below consensus after incorporating detailed market share and industry growth assumptions into its North American Truck model.
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