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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.
News For WBC From The Last 14 Days
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August 19, 2015
05:24 EDTWBCWABCO enters into long-term supply agreenent in with JMCH in China
WABCO announced that it has entered into several long-term supply agreements with JMCH, a new customer and an established major truck manufacturer based in China that is expanding into the heavy-duty truck segment. WABCO's new business involves wheel-end solutions, including air-disc brakes, as well as conventional brake valves, other brake components and clutch servo technology. WABCO will support two new and separate platforms for the customer's different brands of medium and heavy-duty trucks. Series production is planned to begin in three years for the Chinese market and expected export to Southeast Asia. WABCO China further differentiated its offering for this customer through highly cost-effective wheel-end solutions specially designed to satisfy local market requirements. Among other vehicle safety and efficiency technologies, WABCO will supply JMCH with MAXX air disc brakes. Located in Taiyuan, in Shanxi province, JMCH is a wholly owned subsidiary of Jiangling Motors.

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