Navistar (NAV +0.6%) moves up despite an earlier downgrade to Underweight by JP Morgan. The firm...

|About: Navistar International Corp... (NAV)|By:, SA News Editor

Navistar (NAV +0.6%) moves up despite an earlier downgrade to Underweight by JP Morgan. The firm has been a consistent skeptic on truck builder, noting it still thinks FY estimates "are too high and that expectations will once again have to be revised downward." It also says the stock could take a hit if the company actually pursues a merger with rival Oshkosh (OSK) that's being pushed by Carl Icahn.