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Fly News Breaks for December 21, 2015
WAB
Dec 21, 2015 | 07:10 EDT
As noted earlier, Stifel upgraded Wabtec to Buy from Hold. The firm upgraded the stock based on valuation, as well as its belief that the company's earnings "should hold up well in 2016," despite investors' concerns over weakening locomotive and railcar production. Target $88.
News For WAB From the Last 2 Days
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Apr 25, 2024 | 07:37 EDT
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Apr 25, 2024 | 07:29 EDT
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Apr 25, 2024 | 07:06 EDT
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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.
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