Ratings shift on Baxter, Navistar, Grainger

Baxter International Inc. (BAX US) was downgraded to "Hold" from "Buy" at Argus by equity analyst David Toung.

Baxter is based in Deerfield.

W.W. Grainger Inc. (GWW US) was rated new "Market Perform" at Raymond James by equity analyst Samuel Darkatsh.

WW Grainger is based in Lake Forest.

Navistar International Corp. (NAV US) was raised to "Outperform" from "Neutral" at Robert Baird by equity analyst David Leiker. The 12-month target price is $64.00 per share.

Navistar is based in Warrenville, and has operations in Schaumburg.