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Stock Market & Financial Investment News

News Breaks
February 13, 2013
07:29 EDTWBCWABCO price target raised to $79 from $68 at Piper Jaffray
Piper Jaffray raised its price target for WABCO ahead of the company's Q4 results and reiterates an Overweight rating on the stock. Piper lowered its Q1 earnings estimates for WABCO following earnings releases from truck-related peers, and recommends buying the stock on any post-earnings pullback. The firm says WABCO remains a top pick for 2013.
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August 14, 2014
07:11 EDTWBCWABCO awarded long-term agreement
WABCO announced that it has been awarded a new long-term agreement by a major manufacturer of commercial vehicles headquartered in Europe. WABCO will supply brake actuator technologies for a new truck platform that will enter into new markets in Southeast Asia. Series production is expected to begin in 2016 at the customer's plant in Thailand. In addition, under the extension of an existing long-term agreement, WABCO's factory in Rayong will continue through 2021 to equip the customer's standardized medium- and heavy-duty truck platform, which is manufactured at its plants in Thailand, India and China.

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