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Fly News Breaks for December 19, 2018
NAV
Dec 19, 2018 | 09:32 EDT
RBC Capital analyst Seth Weber lowered his price target on Navistar to $32 and kept his Sector Perform rating, saying that while the company is executing well with market share gains in the currently "healthy" environment, he is concerned with the "truck cycle duration" relative to its investment sentiment and valuation. The analyst lowers his FY19 EBITDA view to $885M from $905M to account for his mixed outlook and also states that his neutral stance reflects his "caution on relatively modest implied incremental margins and cycle peak debate".
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