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Meritor, Inc.

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Meritor has outperformed the Zacks-categorized Auto/Truck-Original Equipment industry over a year. The share price benefited from better-than-expected results in fiscal 2016, benefits from new business and focus on M2019 plan. The company will further reduce its debt level per this plan. The company is also looking to introduce 20 new products over the next 3 years, as per the plan. The primary objectives of the plan are to grow revenues by 20% and increase earnings per share by $1.25. Meritor is also aiming for new business wins to achieve the revenue growth target in this time frame.

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