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Fly News Breaks for January 26, 2017
MTOR
Jan 26, 2017 | 07:06 EDT
As noted earlier, Stifel upgraded Meritor to Buy from Hold. Analyst Michael Baudendistel upgraded the stock after increasing his heavy and medium duty commercial vehicle production estimates. Specifically, he increased his Class 8 production estimates for 2018 and 2019. He thinks that reductions in Meritor's debt will cause its multiple to rise over time. Target to $17 from $14.
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