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Fly News Breaks for January 3, 2017
WAB
Jan 3, 2017 | 09:29 EDT
Stephens analyst Justin Long raised his price target for Wabtec to $100 from $95 as he feels the set-up over the next year is compelling given his expectation for EPS to start inflecting positively, investor sentiment that is generally negative, the integration of the game-changing acquisition of Faiveley and the underperformance in the stock since the election. The analyst named the stock his Best Idea for 2017, and reiterated an Overweight rating on the shares.