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Fly News Breaks for September 29, 2016
WBC
Sep 29, 2016 | 09:26 EDT
Stephens analyst Justin Long continues to view WABCO as a "compelling" long-term growth story with a "strong" value proposition of selling commercial truck and bus components that improve the safety, efficiency and connectivity of a vehicle. With secular demand for these products driving increased content per unit, the analyst remains confident in the company's ability to outperform its end market by an average of 8%-10% over the next five years. Long reiterates an Overweight rating and $123 price target on the shares.
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