Featured Post

Latest Gold News

  Barrick Gold given ultimatum by Tanzania's Magufuli - could lose mines Gold may do even better in second half   Japan the new fr...

Tuesday, December 28, 2010

Navistar International's (NYSE:NAV) Truck Orders Should Raise Valuation

New truck orders for Navistar International (NYSE:NAV) should be a significant catalyst for the company and drive up the valuation.

Barrington said, "We believe that NAV’s stock should continue to trend higher along with the improving U.S. economy and expected 2011 truck recovery. The 2011 truck data from ACT Research for new truck orders should be the catalyst for a higher NAV valuation as investors expect the company to leverage higher truck volumes. The visibility created from recent military truck orders should help to support NAV’s cash flow until we get evidence of NAV’s 2011 truck and engine profits."

Barrington Research reiterates an "Outperform" on Navistar International (NYSE:NAV), which closed Monday at $58.19, gaining $0.64, or 1.11 percent. They raised their price target on them from $65 to $75.

No comments: