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TRUCKMAKERS' STOCKS NEWS * USA
* Navistar shares rally on laudatory report - Caterpillar mentioned as potential buyer of heavy truck maker
Chicago,Ill,USA -The Chicago Tribune, by James P. Miller -June 22, 2007: -- Shares of Navistar International Inc. traded modestly higher today -- despite the broad selloff that has dragged down most stocks -- after UBS analyst David Bleustein raised his rating on shares of the Warrenville truck and engine manufacturer to "buy" from "neutral"... In an intriguing report to investors that became public today, Bleustein raised his price target for Navistar shares from $63 to an eye-popping $81... The stock has boomed because some investors think Navistar may be a buyout candidate, although the company has been the subject of periodic acquisition rumors -- none of which ever proved true -- for at least a dozen years...
Labels: market shares
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