UBS Cuts PT on Meritor (MTOR) as Guidance Weak
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Rating Summary:
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Today's Overall Ratings:
Up: 12 | Down: 21 | New: 20
Rating Summary:
5 Buy, 8 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 21 | New: 20
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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.
"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.
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