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Fly News Breaks for June 28, 2016
WBC
Jun 28, 2016 | 06:42 EDT
Piper Jaffray analyst Alexander Potter downgraded WABCO Holdings to Neutral saying the company has the highest European exposure in his coverage universe at 55% of 2015 revenue. With all the uncertainty in Europe following the Brexit vote, it's hard to trust out-year estimates, Potter tells investors in a research note. He cut his price target for WABCO shares to $94 from $124.
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