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ArvinMeritor Shares Rise After Goldman Upgrades
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NEW YORK (AP) — Shares of ArvinMeritor Inc. jumped on Thursday after a Goldman Sachs analyst upgraded the auto parts supplier and raised his rating on the automotive sector.
Shares of the Troy Mich.-based company rose 29 cents, or 8.3 percent, to $3.78 in midday trading.
Auto analyst Patrick Archambault upgraded ArvinMeritor, which manufactures an array of commercial vehicle systems, to "Buy" from "Neutral" and lifted his price target to $5 from $3 in a note to investors. ...
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