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Longbow downgraded Meritor (NYSE:MTOR) from Buy to Neutral in a report released today.

Yesterday Meritor (NYSE:MTOR) traded -1.26% lower at $25.93. MTOR’s 50-day average is $23.23 and its two hundred day average is $18.58. With the last close up 39.49% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.03% over the same time period. 366,560 shares of MTOR were exchanged, down from an average trading volume of 1,552,830

Longbow has downgraded Meritor (NYSE:MTOR) from Buy to Neutral in a report released on 10/12/2017.

See Chart Below

Meritor (NYSE:MTOR)

Meritor has a 52 week low of $9.84 and a 52 week high of $27.03 with a P/E ratio of 4.20 The company’s market cap is currently $0.

A total of 7 equity analysts have released a ratings update on MTOR. zero equity analysts rating the company a strong buy, one equity analyst rating the company a buy, nine equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $8.71.

Brief Synopsis About Meritor (NYSE:MTOR)

Meritor, Inc. is a supplier of a range of integrated systems, modules and components to original equipment manufacturers (OEMs) and the aftermarket for the commercial vehicle, transportation and industrial sectors. The Company's segments include Commercial Truck & Industrial and Aftermarket & Trailer. The Commercial Truck & Industrial segment supplies drivetrain systems and components, including axles, drivelines and braking and suspension systems, for medium- and heavy-duty trucks, off-highway, military, construction, bus and coach, fire and emergency and other applications in North America, South America, Europe and Asia Pacific. The Commercial Truck & Industrial segment also includes the Company's aftermarket businesses in Asia Pacific and South America. The Aftermarket & Trailer segment supplies axles, brakes, drivelines, suspension parts and other replacement and remanufactured parts to commercial vehicle aftermarket customers in North America and Europe.

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