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Fly News Breaks for December 20, 2018
NAV
Dec 20, 2018 | 12:42 EDT
Navistar continues to report better than expected growth, driven by a strong Class 8 market and share gains due to new product launches, Loop Capital analyst Jeffrey Kauffman tells investors in a research note. The analyst reaffirms a Buy rating on the shares with a $44 price target. Investors have given management credit for Navistar's financial turnaround, but not for the upside that exists as a result of market share gains and potential strategic opportunities, says Kauffman. He views the company's Q4 results this week as "strong."
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