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Fly News Breaks for September 13, 2018
WBC
Sep 13, 2018 | 07:58 EDT
Baird analyst David Leiker downgraded Wabco to Neutral from Outperform. The analyst cited management's lowered guidance for the second half on accelerating declines in China and lower Russia/Turkey volumes due to geopolitical tensions. He lowered his price target to $129 from $140 on Wabco shares. Management also commented on strong above average industry growth, which keeps a long-term attraction to the story, added Leiker.
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