Barclays Reiterates an 'Equalweight' on Meritor (MTOR); Investor Day Feedback
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Price: $36.50 --0%
Rating Summary:
5 Buy, 8 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
5 Buy, 8 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Barclays reiterates an 'Equalweight' on Meritor (NYSE: MTOR) price target of $6.00.
Barclays analyst says, "MTOR establishes three initiatives to improve margins in F2012: MTOR made it clear that optimizing/increasing capacity, reducing the high-cost European footprint and improving pricing/commodity recovery will be the main undertakings in F2012. Although expectations have been re-set lower with deteriorating truck conditions and weak cash flow on top of a likely weak start in F1Q12, the presentation provided us with increased confidence in our belief that it will take MTOR several quarters to re-establish its earnings power - in the meantime, we reiterate our EW with a $6 PT."
Other highlighted points: 1) Commercial Vehicle incremental margins still a concern; 2) Aftermarket & Trailer a bright spot; and 3) MTOR reiterates conservative truck build forecast.
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 $5.51 yesterday.
Barclays analyst says, "MTOR establishes three initiatives to improve margins in F2012: MTOR made it clear that optimizing/increasing capacity, reducing the high-cost European footprint and improving pricing/commodity recovery will be the main undertakings in F2012. Although expectations have been re-set lower with deteriorating truck conditions and weak cash flow on top of a likely weak start in F1Q12, the presentation provided us with increased confidence in our belief that it will take MTOR several quarters to re-establish its earnings power - in the meantime, we reiterate our EW with a $6 PT."
Other highlighted points: 1) Commercial Vehicle incremental margins still a concern; 2) Aftermarket & Trailer a bright spot; and 3) MTOR reiterates conservative truck build forecast.
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 $5.51 yesterday.
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