KeyBanc downgrades Meritor (MTOR -6.4%) to Hold from Buy and suspends offering a price target on...

|By:, SA News Editor

KeyBanc downgrades Meritor (MTOR -6.4%) to Hold from Buy and suspends offering a price target on shares. Analysts with the firm cite the low-potential for near-term sales drivers and sees weaker global end markets for the company's products. Shares of MTOR are now off 38% for the week after hitting a major speedbump with the firm's FQ4 report and FQ1 guidance.