Goldman Sachs is out with its report on ArvinMeritor ARM following ARM's analyst day.
Some of the key takeaways Goldman Sachs notes are, "The company is targeting a 10% EBITDA margin by late 2012 and a quarterly revenue run-rate of $1.3bn. Consistent with recent orders, the NA Class 8 recovery is on track and the company is preparing itself for the upturn with a focus on critical supply chain management to deliver profitable organic growth. The aftermarket remains a key piece of its 2011 growth strategy with significant opportunities in remanufacturing as well as the India and Chinese braking business."
ARM closed yesterday at $18.98.
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Posted In: Analyst ColorAnalyst RatingsArvinMeritorAuto Parts & EquipmentConsumer DiscretionaryGoldman Sachs
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