Wabash National slumps after Raymond James downgrades rating
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))