CRT Capital Upgrades Meritor
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.
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