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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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May 4, 2015
09:11 EDTMTORMeritor discloses restructuring plan to reduce headcount in South America
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April 30, 2015
08:15 EDTMTORMeritor apoints Rob Speed as president, Aftermarket & Trailer
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April 29, 2015
07:40 EDTMTORMeritor raises FY15 adjusted EPS view to $1.30-$1.40 from $1.20-$1.30
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07:37 EDTMTORMeritor reports Q2 adjusted EPS 41c, consensus 31c
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07:36 EDTMTORMeritor appoints Jeffrey Craig as CEO and Ivor Evans as Executive Chairman
Meritor has appointed former CEO Ivor J. Evans as Executive Chairman and former COO Jeffrey A. Craig succeeds Evans as CEO and will remain President. Craig has also been appointed to the board, effective immediately.

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