Fly News Breaks for October 9, 2019
Oct 9, 2019 | 09:47 EDT
As previously reported, OTR Global downgraded Navistar to Negative from Mixed. The firm's checks indicate US, Europe, and Brazil heavy duty truck demand deteriorated during Q3 due to market saturation, uncertainty, and specific market conditions. Further, US component suppliers reported Q3 sales declines, trailer demand appears to have declined, and Western European new truck inventory levels are high, the firm reported in a note to investors.
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