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Fly News Breaks for March 8, 2017
NAV
Mar 8, 2017 | 09:04 EDT
Aegis analyst Jeffrey Kaufman believes that there were several bright spots in Navistar's (NAV) Q1, including higher than expected gross margins, its completion of an alliance with Volkswagen (VLKAY), and ratings upgrades from S&P and Fitch. The analyst thinks that Navistar's EPS could rise to $3-$4 in fiscal 2019, and he says that its "momentum is improving." Kaufman keeps a $36 price target and a Buy rating on the stock.
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