Morgan Stanley Thinks WABCO Holdings’ Stock is Going to Recover
In a report released today, Courtney Yakavonis from Morgan Stanley maintained a Buy rating on WABCO Holdings (NYSE: WBC), with a price target of $135. The company’s shares closed yesterday at $117.08, close to its 52-week low of $110.50.
According to TipRanks.com, Yakavonis is ranked #3879 out of 4872 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for WABCO Holdings with a $143.57 average price target.
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WABCO Holdings’ market cap is currently $6.19B and has a P/E ratio of 14.21. The company has a Price to Book ratio of 5.18.
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WABCO Holdings, Inc. engages in the provision of electronic, mechanical, electro-mechanical, and aerodynamic products for manufacturers of commercial trucks, buses, trailers, and passenger cars. Its products include pneumatic anti-lock braking systems, electronic braking systems, electronic stability control, brake controls, automated manual transmission systems, air disc brakes and a variety of conventional mechanical products such as actuators, air compressors and air control valves. The company was founded by George Westinghouse in 1869 and is headquartered in Rochester Hills, MI.