UBS Cuts PT on Meritor (MTOR) as Guidance Weak
Tweet
Share
E-mailGet Alerts MTOR Hot Sheet
Price: $36.50 --0%
Rating Summary:
5 Buy, 8 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 18 | New: 50
Rating Summary:
5 Buy, 8 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 18 | New: 50
Join SI Premium – FREE
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.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- BMO Capital Starts Trevi Therapeutics (TRVI) at Outperform
- Nebius Group (NBIS) PT Raised to $410 at Northland
- Bandwidth Inc. (BAND) PT Raised to $86 at Citizens Despite Challenging Software Backdrop
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS View, Analyst PT ChangeRelated Entities
UBSSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
