Goldman Sachs Views ArvinMeritor's Analyst Day as Somewhat Conservative

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.