Wabash price target lowered to $21 from $25 at DA Davidson

DA Davidson analyst Michael Shlisky lowered the firm’s price target on Wabash to $21 from $25 and keeps a Neutral rating on the shares after its Q3 results. The company sounded positive on 2025, suggesting a one-year “air pocket” type of downturn, but while this all sounds favorable, the stock will likely have a tough time working until freight fundamentals turn brighter, the analyst tells investors in a research note.