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Fly News Breaks for October 26, 2016
WAB
Oct 26, 2016 | 08:20 EDT
After Wabtec reported weaker than expected results and cut its guidance, Stifel analyst Michael Baudendistel expects the company to return to organic growth in 2017 and 2018. Additionally, he remains upbeat on the company's Faiveley transaction. He trimmed his price target on the shares to $88 from $90 but keeps a Buy rating on the stock.