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Fly News Breaks for September 19, 2017
MTOR
Sep 19, 2017 | 08:47 EDT
Longbow analyst Faheem Sabeiha raised Meritor's price target to $28 to reflect recent actions including the joint-venture sale, debt repayment, modification to retire healthcare costs and acquisitions of Fabco's product portfolio. The analyst believes Meritor is positioned to benefit from higher industry production rates and to deliver better growth from new business winds and acquisitions under its M2019 strategy combined with expansion of its aftermarket and components business. Sabeiha reiterates his Buy rating on shares.
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