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JPMorgan lifted the ratings of Navistar (NYSE:NAV) from Neutral to Overweight. The company lifted the stock as it thinks that the company's (NAV) operating performance and liquidity have enhanced. The firm also included the stock to its Analyst Focus List, as it believes that the firm’s risk/reward outlook has turned clearly positive.
Navistar International Corp stock was excited after the news and was up 4.3 percent in premarket session following JP Morgan lifts price target of the company.
What made JP Morgan to lift Navistar ratings on Friday? Find out here
The truck maker reported higher than predicted earnings on Thursday and ranked a previous General Motors executive as its latest CEO which compelled ratings companies to assess the company’s rating and JP Morgan lifted Navistar ratings and target price.
On last check during regular trading session, Navistar shares were rallying to new highs and were above 9% to $34.88 at 11:48 AM EST.
How Finisar gained investors’ attention on Friday? Find out here
Finisar (NASDAQ:FNSR) announced its earnings late on Thursday and acquired much needed attention from Investors on Friday.
For the quarter concluded on Jan. 27 (Q3), Finisar (FNSR) met targets on revenues and topped predictions on earnings per share.
In contrast to the year ago same quarter, revenue declined to some extent. Non-GAAP earnings per share declined critically. GAAP earnings per share turned red in recent quarter.
Finisar logged revenue of $238.4 million. The 11 experts surveyed by S&P Capital IQ predicted to observe a top line of $238.4 million on the similar basis. GAAP announced sales were the same as the year ago same quarter had.
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