Topic
wabash
Business Wabash stock soars as analyst cites management bullishness
Wabash National (NYSE:WNC) shares jumped 16.38% on Wednesday after DA Davidson upgraded the stock to buy from neutral, citing growing management confidence in a trailer demand recovery by 2027 and a favourable trade ruling against Chinese imports. The analyst set a $20 price target, noting potential $20 million EBITDA upside from capturing market share affected by new countervailing duties.
Trade Commerce tariff finding on van imports may offer relief to Wabash National
The U.S. Commerce Department imposed preliminary countervailing duties on van trailer imports from China (82.3%-128.7%) and Mexico (<2%), following a complaint by the American Trailer Manufacturers Coalition. The move may provide relief to Wabash National, which recently received a debt downgrade from S&P Global Ratings. The duties require immediate cash deposits, with final determinations expected in mid-August for China and mid-December for Mexico.