Cleveland Research analyst Adam Uhlman reiterated a Neutral rating on Navistar ahead of the company's Q1 earnings on Friday, telling investors in a research note that he continues to see upside to Navistar's market share in 2019 as it still has some production slots available, supported by its addition of a second shift at Escobedo. Additionally, he notes that the company has guided to a 100bp improvement in share in FY19, which he says "seems achievable/beatable," given the momentum seen in Q1. Over the medium term, Uhlman says he remains bullish on the shares as market share growth and JV purchasing synergies opportunities remain significant, while a potential acquisition of Navistar by Traton is an additional upside catalyst to the shares.