DA Davidson raised the firm’s price target on Wabash (WNC) to $11 from $9 and keeps a Neutral rating on the shares after its Q4 results last week. The company continues to face difficult freight-market conditions and is no longer providing guidance beyond the current quarter, the analyst tells investors in a research note. Some capacity has been sidelined, though Wabash dry-vans are ready to ramp should fleets finally come off the sidelines, the firm added.
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