BMO Capital analyst Joel Tiss lowered his price target on Wabco to $130 and kept his Market Perform rating after the company forecast FY18 EPS at lower end of its prior guidance range. The analyst notes that the warning reflects the weaker than expected performance in China and slowing sales in Russia and Turkey, but should allow the company to focus on discussing its long-term strategy at the upcoming investor event next week. Tiss also lowers his FY18 EPS view to $7.50 from $7.70, stating that while Wabco should be able to sustain its position as a leader in active safety truck system solutions, the demand for its products may be at risk as its largest customers become more vertically integrated to reduce costs.