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Meritor risk/reward 'still looks compelling,' says Citi » 07:1412/1512/15/21
Citi analyst Itay…
Citi analyst Itay Michaeli reiterates a Buy rating on Meritor with a $34 price target following the company's recent investor day. The fiscal 2025 guidance "seems conservative to us but nonetheless solid" and the free cash flow guidance implies an annual yield of 11% over the next four years, Michaeli tells investors in a research note. He does not think the stock is properly reflecting Meritor's current earnings power and long-term growth potential. Michaeli says the stock's risk/reward "sill looks compelling."
Meritor to hold a virtual event » 09:4512/0712/07/21
Meritor announces hydrogen fuel-cell program with Hexagon Purus » 08:0612/0712/07/21
Meritor announced it will…
Meritor announced it will supply its Blue Horizon(TM) 14Xe ePowertrains to Hexagon Purus for a near-term development program with the intention of taking the program to production. Meritor's ePowertrain will be used in two different hydrogen fuel-cell electric vehicle applications in North America. These applications include a Class 8 drayage truck and yard hauler. This announcement follows Hexagon Purus and Meritor partnering to integrate the 14Xe ePowertrain into Hexagon Purus' Class 6, Class 7 trucks and Class 8 vehicles. The integrated electric powertrains will provide the propulsion within the Hexagon Purus trucks, resulting in zero emissions transport.
Meritor announces collaboration with BAE Systems » 08:0212/0712/07/21
Meritor (MTOR) announced…
Meritor (MTOR) announced that it will collaborate with BAE Systems (BAESY) to deliver electrification for the Industrial and Defense markets. The companies will work together to offer efficient, cost-effective, fully-integrated electric vehicle solutions. As part of this strategic collaboration, BAE Systems will leverage its expertise in systems integration and power electronics to incorporate its power management system with Meritor's ePowertrain for a comprehensive and compact solution.
Meritor to hold a virtual event » 04:5512/0712/07/21
Meritor to hold a virtual event » 17:1212/0412/04/21
Meritor price target raised to $32 from $29 at RBC Capital » 09:2511/1811/18/21
RBC Capital analyst…
RBC Capital analyst Joseph Spak raised the firm's price target on Meritor to $32 from $29 and keeps an Outperform rating on the shares after its Q4 earnings beat and FY22 guidance. The company is operating in a "tough" environment given the volatile schedules and higher freight and steel cost, but it "continues to execute", with 130bps in anticipated margin expansion next year, the analyst tells investors in a research note. Spak adds that EV wins continue to "pipe up" for Meritor, tracking ahead of its targets.
Meritor price target raised to $28 from $27 at Barclays » 05:5211/1811/18/21
Barclays analyst Brian…
Barclays analyst Brian Johnson raised the firm's price target on Meritor to $28 from $27 and keeps an Equal Weight rating on the shares post the fiscal Q4 beat. Supply chain and raw mat headwinds are still readily apparent, but Meritor has committed to cost recoveries in fiscal 2022, Johnson tells investors in a research note.
Meritor to provide battery electric drivetrain technology to Paccar » 06:5311/1711/17/21
Meritor (MTOR) announced…
Meritor (MTOR) announced plans to provide zero emission battery electric drivetrain technology to Paccar (PCAR) for the SuperTruck 3 program. SuperTruck 3 will fund projects to electrify medium- and heavy-duty freight trucks. Additional investment will boost vehicle efficiency and expand EV Infrastructure. "We are excited to be working on the SuperTruck program again and proud of our contribution in each of the previous two initiatives," said Tim Bowes, senior vice president and president, Electrification, Industrial and North America Aftermarket, Meritor. "As part of the project, Meritor Blue Horizon technology will be utilized to develop the next generation of electric powertrains for commercial vehicles."
Meritor selected to provide ePowertrain for Electra Commercial Vehicles » 06:5211/1711/17/21
Meritor announced it was…
Meritor announced it was selected by Electra Commercial Vehicles to provide its Blue Horizon 14Xe integrated ePowertrain for testing on their Iveco-based electric road sweeper platform. The 14Xe ePowertrain, will be delivered to Electra by the end of the year, and will be integrated on a road sweeper for testing in Wales.