Goldman Sachs Starts WABCO Holdings (WBC) at Neutral

March 26, 2012 6:53 AM EDT
Get Alerts WBC Hot Sheet
Price: $136.46 --0%

Rating Summary:
    5 Buy, 18 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 6 | Down: 7 | New: 77
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Goldman Sachs initiates coverage on WABCO Holdings (NYSE: WBC) with a Neutral rating and $65 price target.

The firm said will WABCO is uniquely positioned to benefit from rising global safety and fuel efficiency standards, the stock trades a 25% premium to Machinery on
EV/EBITD. Visibility on a stronger European industrial recovery or tax rate sustainability will be needed to drive shares higher.

For an analyst ratings summary and ratings history on WABCO Holdings click here. For more ratings news on WABCO Holdings click here.

Shares of WABCO Holdings closed at $59.63 yesterday.


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