Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of transportation supplier Meritor (NYSE:MTOR) rose as much as 10% today after the company was upgraded by an analyst.

So what: Analysts at Barclays Capital upgraded the stock from equal weight to overweight in a report today. The stock is not highly followed, and most analysts currently have a neutral rating  of the stock.  

Now what: Long-term investors shouldn't see this upgrade as a reason to buy shares today. The company reported a 13% decline in revenue last quarter, and we won't be able to assess how the third quarter was until Nov. 14, when the company releases earnings. Until then, I would take a wait-and-see approach to see if revenue turns around and profitability continues to improve.

Interested in more info on Meritor? Add it to your watchlist by clicking here.

 
 

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.