KeyBanc analyst Brett Hoselton raised his price target for Meritor to $37 from $23 as he is incrementally confident in upside potential to the M2019 EPS target of $2.84 and believes management might increase expectations at its upcoming Analyst Day in December driven by recent legal and strategic developments, in addition to industry tailwinds, new business opportunities, and potential acquisitions. Further, the analyst maintains that there could be as much as 30% upside to the FY19 consensus EPS estimate of $2.65. He reiterates an Overweight rating on the shares.