Meritor sees FY13 adjusted EPS 25c-35c, may not be comparable to consensus 49c Sees FY13 sales $4B, consensus $4B. Sees FY13 free cash flow from continuing operations about breakeven including $73M of pension contributions, sees FY13 effective tax rate about 50%. Comments from investor presentation slides.
Meritor downgraded to Equal Weight from Overweight at Barclays Barclays downgraded Meritor to Equal Weight saying currency headwinds and soft Brazil truck trends put consensus estimates at risk. The firm cut its price target for shares to $15 from $17.