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Fly News Breaks for June 21, 2017
WAB, GWR
Jun 21, 2017 | 09:44 EDT
Stephens has named Genesee & Wyoming (GWR) as its Best Idea for 2017, replacing Wabtec (WAB). Analyst Justin Long noted that Genesee & Wyoming shares are down 2% since the Presidential election and down 38% from its 2015 peak, which represents the largest decline in the rail sector. Long, who believes earnings should stabilize and improve in the coming quarters, keeps an Overweight rating and $80 price target on G&W shares.
News For GWR;WAB From the Last 2 Days
WAB
Apr 25, 2024 | 06:55 EDT
Susquehanna raised the firm's price target on Wabtec to $190 from $160 and keeps a Positive rating on the shares. The firm said its earlier than expected guidance raise and front-half-loaded outlook suggest a shareholder-friendly blend of long-term confidence and prudent 2H conservatism. With no cyclical clouds in sight, Susquehanna remains new-money buyers.
WAB
Apr 24, 2024 | 12:00 EDT
Wabtec is up 8.8%, or $13.01 to $161.49.