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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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January 30, 2015
11:07 EDTMTORMeritor to host analyst day
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January 29, 2015
06:57 EDTMTORMeritor sell-off on customer in-sourcing concerns overdone, says Barclays
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January 28, 2015
08:05 EDTMTORMeritor backs FY15 adjusted EPS $1.20-$1.30, consensus $1.35
Cuts FY15 revenue to $3.7B from $3.8B, consensus $3.83B; Backs FY15 free cash flow to be approximately $100M. Raises FY15 adjusted EBITDA margin to be approximately 9% from 8.8%-9%. Backs FY15 CapEx $80M-$90M; Backs FY15 effective income tax of approximately 20%.
08:04 EDTMTORMeritor reports Q1 Commercial Truck & Industrial sales $703M
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08:03 EDTMTORMeritor reports Q1 adjusted EPS 35c, consensus 27c
Reports Q1 revenue $879M, consensus $906.81M; The sales decrease was primarily driven by lower commercial truck production and unfavorable exchange rates in Europe and South America, as well as lower revenue from Meritor's defense business. This impact was partially offset by higher sales in North America as the Class 8 truck market continued to strengthen.

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