Sterne Agee Reiterates WABCO Buy, Adjusts PT

Sterne Agee reiterated its WABCO WBC Buy rating in a research report and lowered its WABCO price target from $88 to $89 in a research report published today. In the report, Sterne Agee states, "We reiterate our Buy rating on WBC after another exceptional quarter of resurgent industry volume (everywhere except China), and improved execution at WBC." Shares of WABCO closed today at $62.46, down 2.04% from Wednesday's market close.