CRT Capital Upgrades Meritor

In a research report released Tuesday, CRT Capital analyst upgrade Meritor MTOR from Fair Value to Buy with a price target of $15 a share. CRT Capital raised its previous price target in the report from its previous $14 a share to its current $15 share. CRT Capital claims that Meritors Settlement with Eaton ETN was much better than expected, with $209 million in proceeds when analysts at CRT Capital only anticipated $100 million. Shares of Meritor up 1.34 percent, trading at $12.85 a share.