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Fly News Breaks for March 9, 2018
NAV
Mar 9, 2018 | 07:34 EDT
Gabelli analysts Brian Sponheimer and Matthew Paige upgraded Navistar to Buy from Hold with a $52 private market value estimate telling investors the Q1 report demonstrated improved performance against a backdrop of stronger commercial truck markets. The analysts said shares have declined over $7 since their December 20 downgrade to Hold while end markets have strengthened and customer cash flow dynamics have improved impart due to tax reform.
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