Wabash price target lowered to $23 from $27 at DA Davidson

DA Davidson lowered the firm’s price target on Wabash to $23 from $27 and keeps a Neutral rating on the shares. The firm’s meetings with the company CEO were broadly positive, especially on topics outside of the current trailer and freight cycle, the analyst tells investors in a research note. Wabash shared a few potentially favorable thoughts on the capex cycle for 2025, but acknowledged that some headwinds do remain, DA Davidson states, adding however that the stock could offer a “great value opportunity” once the situation clears up.