Morgan Stanley Sees Mixed Factors For Navistar International Corp

In a report published Thursday, Morgan Stanley analyst Nicole DeBlase reiterated an Equal-Weight rating and $35.00 price target on Navistar International Corp (NYSE: NAV).

In the report, Morgan Stanley noted, “NAV exhibited very strong execution this quarter, and delivered upside vs. its EBITDA guidance. However, market share regain remains a challenge, and 4Q guidance came in below cons. We maintain our EW rating.”

Navistar International Corp closed on Wednesday at $38.41.