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Fly News Breaks for April 27, 2016
WAB
Apr 27, 2016 | 09:29 EDT
Stephens analyst Justin Long raised his price target for Wabtec to $90 from $83 following the company's Q1 results that beat consensus expectations. Despite a revenue decline of 6% year over year and a negative mix headwind, Wabtec posted an improvement in its adjusted operating margin, the analyst tells investors in a research note. Long expects solid operational execution to continue with an additional tailwind from a $1.8B acquisition of Faiveley that should close in the near term. The analyst reiterates an Overweight rating on Wabtec's shares.
News For WAB From the Last 2 Days
WAB
Apr 15, 2024 | 16:23 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
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