By Qineqt:Navistar (NAV) is experiencing an eventful August, with the stock displaying volatility in the first week of the month. The stock plummeted 14% after the company slashed its future outlook amidst a weak U.S.
JP Morgan has downgraded Navistar International Corp (NYSE:NAV) stock from Overweight to Underweight, after the company hosted an analyst meeting earlier in the week. The sell-side research firm reduced the price target on Navistar from $40 to $28.
By Qineqt:Analysts have recently turned in favor of Navistar (NAV), the truck manufacturer, after the company made a secondary offering that has addressed some of the questions regarding liquidity. Also, the street seems to be excited about the management's transition plan which is now more attainable after the improved liquidity status.
By Qineqt:Navistar (NAV) has been quiet for some time now after the eventful month of August, when it finally entered into a partnership with Cummins (CMI) for EPA-compliant engines for its Class 8 trucks. It also managed to raise $1 billion from a consortium of banks that helped improve its liquidity position.
By Markus Aarnio:Navistar International Corporation (NAV) is a holding company whose subsidiaries and affiliates produce International brand commercial and military trucks, MaxxForce brand diesel engines, IC Bus brand school and commercial buses, Monaco RV brands of recreational vehicles, and Workhorse brand chassis for motor homes and step vans.
In 2010, the Supreme Court ruled that corporations are people and in 2012 upheld that ruling.This unleashed a flood of corporation and union-sponsored fundraising activities. Today the Supreme Court Voided Caps on Total Campaign Giving by individuals.