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Fly News Breaks for March 13, 2018
MTOR
Mar 13, 2018 | 08:20 EDT
Longbow analyst Faheem Sabeiha believes recent weakness in Meritor shares, attributed to fears from material cost headwinds and concerns that North American Class 8 market is peaking in 2018, is unwarranted. Sabeiha, who sees this as a great entry point into Meritor given the strong Class 8 fundamentals and its longer-term opportunities from its electric vehicle exposure, reiterates a Buy rating and $32 price target on the stock.
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