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Fly News Breaks for April 25, 2017
WAB
Apr 25, 2017 | 20:53 EDT
KeyBanc analyst Steve Barger upgraded Wabtec (WAB) to Overweight with a $100 price target and increased estimates to reflect continued improvement in Freight fundamentals and margin expansion in the Transit business, supporting $5.00+ in 2019 earnings. Barger believes catalysts are underappreciated and see potential upside to management's strategy to expand its software product offer and from M&A.