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Downgrade Alert for WABCO Holdings (WBC)

By James Quinn

WABCO Holdings (NYSE:WBC) was downgraded from Overweight to Neutral at Piper Jaffray today. The stock closed yesterday at $88.07 on volume of 2.8 million shares, above average daily volume of 362,000.

Potential upside of 43.7% exists for WABCO Holdings, based on a current level of $88.07 and analysts' average consensus price target of $126.58. The stock should find initial resistance at its 50-day moving average (MA) of $105.08 and further resistance at its 200-day MA of $105.47.

WABCO Holdings Inc., manufactures electronic braking, stability, suspension and transmission control systems commercial vehicles.

In the past 52 weeks, WABCO Holdings share prices have been bracketed by a low of $81.66 and a high of $133.00 and closed yesterday at $88.07, 8% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 1.2%.

SmarTrend is monitoring the recent change of momentum in WABCO Holdings. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of WABCO Holdings in search of a potential trend change.

Keywords: analyst upgrades/downgrades wabco holdings

Ticker(s): WBC