Information Provided By:
Fly News Breaks for July 10, 2019
WAB
Jul 10, 2019 | 06:29 EDT
Goldman Sachs analyst Jerry Revich started Wabtec with a Neutral rating and $79 price target. The analyst sees another 8% downside to consensus fiscal 2019 earnings estimates on near-term margin headwinds and further rail spending austerity until a freight recovery emerges. He wants to see a bottoming in freight traffic and rail capital allocation to locomotives/rail cars before turning more positive on the stock.