Wabash National slumps after Raymond James downgrades rating

Wabash National

05/07/2023 18:25

** Shares of trailer manufacturer Wabash National  WNC.N 
down 10.20% at $23.32
    ** Brokerage Raymond James downgrades stock to "market
perform" from "strong buy" rating, citing potentially lower
demand for trailers in 2024
    ** Continued softness in truck market to likely drive Street
estimates lower - brokerage
    ** YTD, WNC up 3.14% including sessions move

 (Reporting by Pritam Biswas in Bengaluru)
 ((Pritam.Biswas@thomsonreuters.com))