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Stock Market & Financial Investment News

News Breaks
June 24, 2014
07:41 EDTMTORMeritor settlement with Eaton disappoints, says JPMorgan
JPMorgan says the $209M Meritor (MTOR) will receive in its settlement with Eaton (ETN) fell short of its $450M estimate. The firm views the agreement as a disappointment and lowered its price target for shares to $14.50 from $15.50. JPMorgan thinks event-driven shareholders exiting the stock could prove a medium-term positive, however, and it keeps a Neutral rating on Meritor.
News For MTOR From The Last 14 Days
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March 27, 2015
07:01 EDTMTORMeritor announces executive title sponsorship of ChampTruck World Series
March 19, 2015
10:02 EDTMTOROn The Fly: Analyst Downgrade Summary
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05:46 EDTMTORMeritor 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.

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