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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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February 3, 2016
08:04 EDTMTORMeritor cuts FY16 adjusted EPS to $1.65-$1.75 from $1.70-$1.80, consensus $1.72
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08:03 EDTMTORMeritor reports Q1 Commercial Truck & Industrial sales $633M
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08:02 EDTMTORMeritor reports Q1 adjusted EPS 33c, consensus 37c
Reports Q1 revenue $809M, consensus $845.94M. The decrease in sales was driven by the effect of foreign exchange translation in Europe and Brazil and weak economic conditions in South America.

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