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Fly News Breaks for May 15, 2017
MTOR
May 15, 2017 | 07:21 EDT
RBc Capital analyst Joseph Spak started coverage of Meritor with a $22 price target and an Outperform rating. The analyst expects the company's revenue to beat expectations, driven by "backlog opportunities" and the growth of the North American truck market. Spak says that the company's fiscal 2019 EPS could surpass the consensus outlook by 30%, while its margins are poised to rise.
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