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Fly News Breaks for August 10, 2017
STS, WNC
Aug 10, 2017 | 08:22 EDT
Aegis analyst Jeffrey Kauffman said accretion from Wabash's (WNC) deal to acquire Supreme Industries (STS) and an improved outlook for the company's new product lines can drive a higher multiple for the stock. He raised his price target on Wabash to $29 from $27 and keeps a Buy rating on the shares.
News For WNC;STS From the Last 2 Days
WNC
Apr 24, 2024 | 06:55 EDT
WNC
Apr 24, 2024 | 06:54 EDT
Reports Q1 revenue $515.3M, consensus $516.85M. "During the Q1, customer pickups of equipment lagged somewhat behind the pace of our production," said Brent Yeagy, president and CEO. "It's typical for customer pickup rates to vary between quarters, especially in slower years for the industry. We anticipate that the delays experienced in the first quarter will be recovered in subsequent quarters, particularly the second quarter."
