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Fly News Breaks for October 26, 2016
WAB
Oct 26, 2016 | 08:31 EDT
As previously reported, Longbow downgraded Wabtec to Neutral from Buy. Following lowered 2016 guidance, Analyst Matthew Brooklier said Freight cycle headwinds are proving too great and reduced earnings estimates for Wabtec well below consensus over the next two years.
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