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Fly News Breaks for May 2, 2018
WNC
May 2, 2018 | 14:13 EDT
Craig-Hallum analyst Steve Dyer said the mixed Q1 results reported by Wabash were due to several transitory costs and ramping operations to meet demand, adding that the company recently increased prices to offset commodity inflation on existing backlog orders and he would expect further pricing leverage on 2019 orders. The analyst, who views the pullback as a buying opportunity, keeps a Buy rating and $32 price target on Wabash, calling trailer cycle fears "overblown" and the stock's valuation "extremely attractive."
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