Wabash price target raised to $27.50 from $17 at BMO Capital

BMO Capital analyst Joel Tiss raised the firm’s price target on Wabash to $27.50 from $17 and keeps a Market Perform rating on the shares after its Q4 earnings beat and above-consensus FY23 guidance. The company has significant opportunity to grow outside of dry-van trailers and raise its overall operating margins, but there is also downside risk for the U.S. trailer market, the analyst tells investors in a research note.