Meritor Reports Fourth Quarter and Fiscal Year 2015 Results
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Meritor (MTOR) Trades Down Following 4Q EPS Beat; UBS Remains Neutral
November 12, 2015 9:49 AM ESTUBS maintained a Neutral rating on Meritor (NYSE: MTOR), and cut the price target to $12.00 (from $15.00), following the company's 4Q earnings report. MTOR traded down despite a strong 4Q beat. EPS was reported at $0.39, beating the Street's $0.30. The beat was driven by strong... More
FX Contributes to Meritor (MTOR) Revenue Miss; Piper Jaffray Remains Neutral
November 12, 2015 9:21 AM ESTPiper Jaffray reiterated a Neutral rating on Meritor (NYSE: MTOR), and cut the price target to $12.00 (from $14.00), following the company's 4Q earnings report. Revenue of $853M missed consensus estimates of $867M, primarily due to FX. Operating EPS was $0.39 which was well above street estimates of... More
