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Downgrade Alert for WABCO Holdings (WBC)

By James Quinn

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

There is potential upside of 43.7% for shares of WABCO Holdings based on a current price of $88.07 and an average consensus analyst price target of $126.58. The stock should run into initial resistance at its 50-day moving average (MA) of $105.08 and subsequent resistance at its 200-day MA of $105.47.

WABCO Holdings share prices have moved between a 52-week high of $133.00 and a 52-week low of $81.66 and closed yesterday at 8% above that low price at $88.07 per share. The 200-day and 50-day moving averages have moved 0.26% lower and 1.23% higher over the past week, respectively.

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

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