UBS Cuts PT on Meritor (MTOR) as Guidance Weak

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Despite better than expected Q4 EPS, Meritor (NYSE: MTOR) guidance was weak, reflecting deterioration and concerns over macro weakness.

"MTOR outlook is consistent with recent guidance revision from other commercial truck companies,"said analyst at UBS. They see a "cushion" in EPS guidance given the gap vs. EBITDA guidance.

UBS maintained a Neutral rating on Meritor and cut its price target to $4.00 (from $4.50).

For an analyst ratings summary and ratings history on Meritor click here. For more ratings news on Meritor click here.

Shares of Meritor closed at $4.14 yesterday, with a 52 week range of $3.98-$8.74.

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