DA Davidson analyst Michael Shlisky lowered the firm’s price target on Wabash to $18 from $23 and keeps a Neutral rating on the shares. The company was added to the firm’s “Stampede” list due to the legal risk it is facing following Friday’s announcement of a $462M product-liability award, and while Wabash is likely to appeal or pursue other avenues to eliminate or reduce this amount, the final disposition is unclear, the analyst tells investors in a research note.
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