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Fly News Breaks for October 23, 2015
WBC
Oct 23, 2015 | 08:58 EDT
Goldman removed WABCO from the Conviction Buy List and reduced its price target on shares to $126 from $133. The firm reduced estimates due to lower gross margin forecasts combined with the increasingly competitive environment. Goldman maintains its Buy rating on WABCO's 2016/17 product cyles and a European truck recovery that remains on track.
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