Wabash price target lowered to $23 from $24 at Stephens

Stephens lowered the firm’s price target on Wabash to $23 from $24 and keeps an Equal Weight rating on the shares. The company recently reported Q3 results, with an EPS that beat expectations and a revenue miss, the analyst tells investors. Earnings this year are “playing out better than expected” but, with slowing trends in revenue and backlog, the firm believes progression of the business into 2024 is “increasingly uncertain.”