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Fly News Breaks for September 6, 2019
NAV
Sep 6, 2019 | 06:25 EDT
Goldman Sachs analyst Jerry Revich upgraded Navistar International to Neutral from Sell with an unchanged price target of $26. The analyst has a positive view of management's "newly cautious" view on 2020 truck demand and he believes freight rates appear to have stabilized. With the stock trading near his price target, Revich sees a balanced risk/reward on the length on the length of the truck cycle and Navistar's margin performance outlook.
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