Citigroup Downgrades Meritor to Neutral, Raises Price Target to $36.5
Citigroup analyst Itay Michaeli downgrades Meritor (NYSE:MTOR) from Buy to Neutral and raises the price target from $34 to $36.5.
Merger Arbitrage Mondays – Standard General Acquires Tegna For $8.6 billion Or $24 Per Share In Cash
Merger activity remained steady with five new deals announced, four deals completed and one deal terminated. Two of the five new deals announced were potential deals in the works.
TEGNA Inc. (NYSE: TGNA)
RBC Capital Downgrades Meritor to Sector Perform, Announces $36.5 Price Target
RBC Capital downgrades Meritor (NYSE:MTOR) from Outperform to Sector Perform and announces $36.5 price target.
Mid-Afternoon Market Update: US Stocks Pare Losses; Meritor Shares Spike Higher
U.S. stocks pared back some losses toward the end of trading on Tuesday. Russian President Vladimir Putin said he would recognize the independence of two Russian-led breakaway regions of Ukraine and ordered Russian troops to go into eastern Ukraine.
50 Stocks Moving In Tuesday’s Mid-Day Session
Gainers
Indonesia Energy Corporation Limited (NYSE: INDO) jumped 75.2% to $7.87.
Imperial Petroleum Inc. (NASDAQ: IMPP) rose 52.9% to $0.7500 after declining around 7% on Friday.
Mid-Day Market Update: Stocks Extend Losses; Dow Tumbles Over 400 Points
U.S. stocks extended its earlier losses midway through trading on Tuesday, amid rising tensions between Russia and Ukraine. Russian President Vladimir Putin said he would recognize the independence of two Russian-led breakaway regions of Ukraine and ordered Russian troops to go into eastern Ukraine.
Mid-Morning Market Update: U.S. Markets Mixed Amid Russia-Ukraine Woes
U.S. stocks traded mixed this morning, amid rising tensions between Russia and Ukraine. Russian President Vladimir Putin said he would recognize the independence of two Russian-led breakaway regions of Ukraine and ordered Russian troops to go into eastern Ukraine.
Cummins Agrees To Acquire Meritor For $3.7B
Cummins Inc (NYSE:CMI) has agreed to acquire electric powertrain solutions provider Meritor Inc (NYSE:MTOR) for about $3.7 billion, including assumed debt and…