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Fly News Breaks for April 15, 2016
WBC
Apr 15, 2016 | 08:25 EDT
Stephens analyst Justin Long raised his price target for WABCO to $120 from $107, after the company reported "strong" new business wins over the past year. The analyst believes is encouraging data point that supports a "substantial" runway for earnings growth over the long term. Long continues to think WABCO is capable of doubling in size over the next 5 years. The analyst reiterates an Overweight rating on the shares.
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