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Enter Symbol:
Rating: WBC
Buy $122

WABCO HOLDINGS INC (NYSE: WBC) upgraded to Buy with price target $122 by Stifel

Tuesday,  Dec 8, 2015  8:25 AM ET by Lynn Gilbert

Stifel upgraded WABCO HOLDINGS INC (NYSE: WBC) to Buy with price
target $122. Previously, Stifel rated WABCO HOLDINGS INC (NYSE: WBC) to Hold on 05/14/2015, when the stock price was valued at $130.17.

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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