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UPDATE: Goldman Sachs Reiterates Neutral Rating, Lowers PT for Navistar International
Monday, June 11, 2012 - 8:52am | 93In a company update published earlier today, the Goldman Sachs Group, Inc. reiterated its Neutral rating for Navistar International Corporation (NYSE: NAV), but lowered its price target from $33.00 to $25.00. Goldman Sachs went on to say “While we expect the EPA to ultimately approve Navistar's...
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UPDATE: DA Davidson Downgrades Navistar to Neutral on Outlook
Friday, June 8, 2012 - 2:49pm | 91DA Davidson reduces its rating on Navistar (NYSE: NAV) from Buy to Neutral and reduces its price target from $50 to $23. DA Davidson notes, "We are reducing our rating on Navistar shares from Buy to NEUTRAL and our target price from $50 to $23. Our new target price is based on ~5x our FY13 EPS...
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UPDATE: Deutsche Bank Downgrades Navistar to Hold on Weak Results
Friday, June 8, 2012 - 1:58pm | 100Deutsche Bank reduces its rating on Navistar (NYSE: NAV) from Buy to Hold and reduces its price target from $50 to $23. Deutsche Bank says, "NAV reported a FQ2 loss of $1.99 per share, significantly below cons of $0.67 profit and our est of $0.89 profit. FQ2 manufacturing segment profit of $7MM...
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UPDATE: Goldman Sachs Reiterates Neutral Rating, Lowers PT for Navistar International
Friday, June 8, 2012 - 8:12am | 102In a company update published earlier today, the Goldman Sachs Group, Inc. reiterated its Neutral rating for Navistar International Corporation (NYSE: NAV), but lowered its price target from $33.00 to $25.00. Goldman Sachs said they made their decision “based on a 65% weighting to our base case...
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Financial Breakfast: Morning News Summary for June 8, 2012
Friday, June 8, 2012 - 6:32am | 853Friday, June 8, 2012 This is your Benzinga news summary and trader's outlook covering headlines from overnight and today's pre-market session. Benzinga's Top News Molina Healthcare (NYSE: MOH) Rises 29% Pre-Market on Thursday's Announcement it Would Continue as Medicaid Managed Care Provider...
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Social Media Outlook for Thursday June 7 (NAV, SJM, TPX, ABT)
Thursday, June 7, 2012 - 4:17pm | 305In recent years, traders and investors have increasingly turned to social media to discuss their investments. Now, interested parties can get a scientific look at what is being discussed on a weekly, monthly, and even hourly basis. Provided by Social Market Analytics, here is the social media...
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Morning Market Losers
Thursday, June 7, 2012 - 9:28am | 95Molina Healthcare Inc (NYSE: MOH) dipped 29.86% to $18.07 at 10:25 am. MOH withdrew its outlook for 2012 earnings. Navistar International Corp (NYSE: NAV) shares fell 26.39% to $20.72. Navistar posted a loss in the fiscal second quarter. The Men's Wearhouse Inc (NYSE: MW) shares dipped 15.66% to...
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Navistar Crushed After Q2 Loss; Stock Down 25%
Thursday, June 7, 2012 - 9:05am | 173Navistar (NYSE: NAV) released its fiscal Q2 earnings results prior to the market open on Thursday. The company reported a net loss of $172 million or $2.50 per share, compared to net income of $74 million or $0.93 per share, in the year ago period. On an adjusted basis, the company's net loss was $...
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Benzinga's Top Pre-Market Losers
Thursday, June 7, 2012 - 7:29am | 111Lululemon Athletica Inc (NASDAQ: LULU) dipped 11.80% to $61.76 in the pre-market session. LULU issued downbeat forecast. Staples Inc (NASDAQ: SPLS) fell 10.18% to $11.60 in the pre-market trading. SPLS's trailing-twelve-month profit margin is 3.90%. Navistar International Corp (NYSE: NAV) moved...
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UPDATE: Navistar Posts FQ2 Loss, Lowers Full-Year Forecast
Thursday, June 7, 2012 - 7:07am | 121Navistar International Corp (NYSE: NAV) posted a loss in the fiscal second quarter. Navistar cut its full-year adjusted earnings forecast. It now expects earnings between breakeven and $2 per share, versus its earlier forecast of $4.25 to $5.25 per share. Navistar reported a quarterly loss of $...
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Earnings Scheduled For June 7
Thursday, June 7, 2012 - 2:18am | 576Isle of Capri Casinos Inc (NASDAQ: ISLE) is estimated to post its Q4 EPS at $0.31 on revenue of $272.39 million. The J. M. Smucker Company (NYSE: SJM) is projected to post its Q4 EPS at $0.99 on revenue of $1.35 billion. Bio-Reference Laboratories Inc (NASDAQ: BRLI) is expected to post its Q3 EPS...
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Benzinga's Top Downgrades
Tuesday, June 5, 2012 - 6:36am | 127Analysts at RW Baird downgraded Navistar International Corporation (NYSE: NAV) from “outperform” to “neutral.” NAV's shares closed at $26.61 yesterday. Navistar International's trailing-twelve-month operating margin is 2.78%. BNP Paribas downgraded Advanced Semiconductor Engineering Inc (NYSE: ASX...
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A Peek Into The Market Before The Trading Starts
Tuesday, June 5, 2012 - 6:26am | 391Pre-open movers US stock futures are slightly lower this morning. Futures for the Dow Jones Industrial Average dropped 10 points to 12,053.00 and S&P 500 index futures fell 3 points to 1,270.00. Nasdaq 100 futures dropped 4.75 points to 2,464.25. A Peek Into Global Markets European markets...
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Top 4 Small-Cap Stocks In The Trucks & Other Vehicles Industry With The Lowest PEG Ratio
Monday, June 4, 2012 - 3:13am | 113Below are the top small-cap trucks & other vehicles stocks on the NYSE and the NASDAQ in terms of PEG ratio. Navistar International Corporation (NYSE: NAV) has a PEG ratio of 0.42. NAV's trailing-twelve-month revenue is $14.27 billion. Wabash National Corp (NYSE: WNC) has a PEG ratio of 0.52...
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UPDATE: Jefferies Cuts PT to $45 on Navistar International on Lower Expectations
Wednesday, May 30, 2012 - 7:29am | 99Jefferies reiterates its Buy rating on Navistar International (NYSE: NAV) and reduces its price target from $70 to $45. Jefferies comments, "NAV will report F2Q EPS the week of June 4. We expect another soft quarter given recent market share weakness and also believe that guidance will be cut by...