WABCO Holdings (WBC +6.5%) trades up after releasing mixed Q4 results but raising guidance for...

|About: WABCO Holdings Inc. (WBC)|By:, SA News Editor

WABCO Holdings (WBC +6.5%) trades up after releasing mixed Q4 results but raising guidance for FQ1. Piper Jaffray upgrades the shares on the report, saying the new guidance range is based on a market-wide contraction of 10%-15% in Europe, and for management to release in-line guidance under those conditions speaks volumes about its confidence in other regions.