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Fly News Breaks for March 13, 2018
MTOR
Mar 13, 2018 | 06:24 EDT
Piper Jaffray analyst Alexander Potter attributes the recent pullback in shares of Meritor to tariff concerns and a peaking Class 8 truck market. He thinks these factors are just "noise" but admits the stock's volatility could persist in the coming weeks. Following recent investor meetings with management, the analyst calls Meritor one of the most under-appreciated growth stories in his coverage. Potter recommends buying the stock at current levels with an Overweight rating and $35 price target.
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