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Fly News Breaks for October 19, 2016
WBC
Oct 19, 2016 | 08:31 EDT
Baird analyst David Leiker said incremental weakness in the commercial truck/trailer markets could moderate Q3 revenue growth and elevate concerns heading into 2017. The concerns could cause WABCO shares to be weak, though Leiker said that would be an opportunity to buy the stock. He expects moderation in build rates and his long-term buy thesis remains unchanged. Leiker reiterated his Outperform rating and $115 price target on WABCO shares.
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