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Fly News Breaks for October 26, 2016
WAB
Oct 26, 2016 | 07:32 EDT
After Wabtec lowered the top end of its 2016 EPS guidance range and the stock dropped, Wells Fargo says that the company has multiple positive catalysts, including cost cutting, increased train control spending in 2017, multi-year funding of U.S. transit, and a stabilizing aftermarket. Wells says that these catalysts should offset expected OEM freight headwinds. It recommends buying the stock on weakness.
News For 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.