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Fly News Breaks for April 25, 2016
WBC
Apr 25, 2016 | 09:23 EDT
Stephens analyst Justin Long raised his price target for WABCO to $126 from $120 following the company's slight Q1 EPS beat. While WABCO's production outlook continues to show signs of deterioration, the company reiterated its 2016 guidance and its expectation to average over 8% outperformance of its end market over the next five years, the analyst tells investors in a research note, adding that he would be a "more actionable" buyer of the stock on pullbacks. Long reiterates an Overweight rating on the shares.
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