Market Overview

CRT Capital Upgrades Meritor

Related MTOR
Meritor Shares Sink As Piper Jaffray Downgrades To Underweight
Despite Strong Earnings, Goldman Remains Cautious On Auto Suppliers
Consumer Goods - Top Gainers / Losers as of 12:00 pm (Seeking Alpha)

In a research report released Tuesday, CRT Capital upgraded Meritor (NYSE: MTOR) from Fair Value to Buy. CRT Capital raised its previous price target in the report from $14 to $15 per share.

CRT Capital claims that Meritor's settlement with Eaton was much better than expected with $209 million in proceeds; analysts at CRT Capital only anticipated $100 million.

Shares of Meritor closed at $12.93, up 1.97 percent.

Latest Ratings for MTOR

Jun 2016Piper JaffrayDowngradesBuyUnderweight
Jan 2016BarclaysMaintainsEqualweight
Dec 2015BarclaysMaintainsEqual-weight

View More Analyst Ratings for MTOR
View the Latest Analyst Ratings

Posted-In: CRT CapitalUpgrades Price Target Analyst Ratings


Related Articles (MTOR)

View Comments and Join the Discussion!