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Fly News Breaks for March 6, 2019
NAV
Mar 6, 2019 | 08:33 EDT
Baird analyst David Leiker previewed Navistar's Q1 earnings report and said he expects strong results. The analyst said medium-duty and heavy-duty industry volumes finished well above expectations in Q1 and Navistar gained significant market share in medium-duty during the quarter. He believes guidance will likely move higher given the strong industry developments and the company's market share gains. Leiker reiterated his Outperform rating and $53 price target on Navistar shares.
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