Goldman Sachs Downgrades ArvinMeritor (ARM) to Neutral

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Goldman Sachs downgraded ArvinMeritor (NYSE: ARM) from Buy to Neutral but maintains their $24 price target.

The firm said while they remain remain bullish on the recovery in the truck cycle, at current levels shares are pricing in the the volume opportunity. Given concerns about revenue mix headwinds from the military business and conservative guidance, risk/reward appears balanced.

For more ratings news on ArvinMeritor click here and for the rating history of ArvinMeritor click here.

Shares of ArvinMeritor closed at $20.52 yesterday, with a 52 week range of $7.51-$18.61.

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