Wabash National (NYSE:WNC) amended its credit agreement to permit up to $150M of additional debt to back a planned private placement of convertible senior notes due 2032, while Citizens initiated coverage with a Market Outperform rating and a $25 target, signaling growing analyst confidence.
Previous Week Recap
- Wabash Amends Credit Agreement: Wabash National (WNC) amended its credit agreement to allow up to $150 million extra debt to support a planned private placement of convertible senior notes due 2032, expanding financing capacity.
- Citizens Initiates Wabash Coverage: Analyst Citizens starts coverage of Wabash National Corporation (WNC) with Market Outperform and a $25 per-share target, giving traders a new rating and explicit price benchmark.
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