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Fly News Breaks for August 9, 2017
STS, WNC
Aug 9, 2017 | 08:39 EDT
Aegis analyst Jeffrey Kauffman said Wabash's (WNC) deal to acquire Supreme Industries (STS) will make the company a market leader in the truck body market as well as diversity it into new classes of "final mile" vehicles. He estimates, the deal will be 15c-20c accretive in year one and materially accretive by 30c-40c per share once synergies are fully incorporated. Kauffman keeps a Buy rating and $27 price target on Wabash shares.
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