Wabash price target lowered to $7.50 from $11 at DA Davidson

DA Davidson lowered the firm’s price target on Wabash (WNC) to $7.50 from $11 and keeps a Neutral rating on the shares. The stock was down over 30% after the company’s significant miss and guide-down, though the issue does not appear to be the tariffs themselves, but hesitance among fleets to order and buy trailers amid all the uncertainty, the analyst tells investors in a research note. The impact on the 2025 outlook was also surprisingly harsh given the changes that the management has made in recent years, the firm added.