DA Davidson analyst Michael Shlisky raised the firm’s price target on Wabash (WNC) to $9.50 from $7.50 and keeps a Neutral rating on the shares. The firm notes that the May U.S. trailer-industry data – an important read-through for Wabash – saw orders rising 12% y/y off last year’s near-historic lows but remaining very challenged, the analyst tells investors in a research note. The trailer-market outlook continues to deteriorate as fleet profitability remains challenged and as tax, interest-rate, and policy changes are in flux, the firm added.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WNC:
- Wabash National Highlights Strategic Growth at Investor Conference
- Wabash National Approves 2025 Omnibus Incentive Plan
- Wabash price target lowered to $7.50 from $11 at DA Davidson
- Wabash partners with Echo Global Logistics on drop trailer solution
- Wabash National Reports Q1 2025 Earnings Amid Market Challenges