Information Provided By:
Fly News Breaks for May 14, 2018
WAB
May 14, 2018 | 06:51 EDT
As previously reported, Deutsche Bank analyst Saree Boroditsky upgraded Wabtec to Buy from Hold, citing the potential for earnings to double by 2022 from a combination of organic growth and acquisitions. Freight earnings rebounding should support a pickup in Class 1 equipment investment and Boroditsky expects rail operators to continue investing in technology in order to effectively compete with the truck industry, the analyst tells investors. Boroditsky raised the price target on Wabtec shares to $105 from $95.
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.