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Fly News Breaks for January 30, 2019
MTOR
Jan 30, 2019 | 09:40 EDT
RBC Capital analyst Joseph Spak raised his price target on Meritor to $22 after its Q1 earnings beat that showed "strength in both its Commercial Truck & Trailer and Aftermarket & Industrial segments." The analyst notes that the management anticipates the latter segment operating at over 14% margin in each quarter this year, stating that while he believes in the company's goal, he sees the current valuation on the stock as "fair". Spak is keeping his Sector Perform rating on Meritor.
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