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Rating: WBC

WABCO HOLDINGS INC (NYSE: WBC) downgraded to Hold by Stifel

Thursday,  May 14, 2015  8:25 AM ET by Lynn Gilbert

Stifel downgraded WABCO HOLDINGS INC (NYSE: WBC) to Hold. Previously, Stifel
rated WABCO HOLDINGS INC (NYSE: WBC) to Buy with price target $116 on 10/27/2014, when the stock price was valued at $97.27.

WABCO Holdings Inc. is a provider of electric and electromechanical products for commercial truck, trailer, bus and passenger car manufacturers. The Company manufactures and sells control systems, including advanced braking, stability, suspension, transmission control, and air compressing and processing systems. The Company operated as the vehicle controls systems business division within American Standard Companies Inc. On July 31, 2007, the Company was spun off from American Standard Companies Inc. Subsequent to its spin off American Standard Companies Inc. changed its name to Trane Inc. (Trane). On June 5, 2008, Trane was acquired in a merger with Ingersoll-Rand Company Limited. On June 3, 2009, the Company increased its equity investment in its joint venture, WABCO-TVS (India) Ltd., to 75% from 39.2%. Also on June 3, 2009, WABCO transferred to the TVS group its holding in Sundaram-Clayton Limited, which contains the non-brakes business of its Indian joint venture.


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