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WAB

Wabtec

$64.99

1.42 (2.23%)

08:30
10/11/19
10/11
08:30
10/11/19
08:30

Wabtec price target lowered to $70 from $80 at Jefferies

Jefferies analyst Saree Boroditsky lowered Wabtec's price target to $70 from $80 while keeping a Hold rating on the shares. The company's earnings should decline in 2020 from the combination of lower rail volumes and the continued implementation of Precision Scheduled Railroading, Boroditsky tells investors in a research note. The analyst expects Wabtec's Freight organic growth to decline double-digits, leading to earnings of $3.84 per share, well below the consensus of consensus estimate of $4.69. With that said, Boroditsky sees limited downside from current share levels.

  • 31

    Oct

  • 13

    Nov

WAB Wabtec
$64.99

1.42 (2.23%)

08/07/19
GSCO
08/07/19
UPGRADE
Target $89
GSCO
Buy
Wabtec upgraded to Buy from Neutral at Goldman Sachs
Goldman Sachs analyst Jerry Revich upgraded Wabtec to Buy from Neutral and raised his price target for the shares to $89 from $84. Slowing freight traffic and cost overruns on transit projects are now well understood with the stock down 34% over the past 12 months, Revich tells investors in a research note. Meanwhile, locomotive capital stock has been "significantly reduced" cycle to date, and Wabtec's high recurring revenue base is attractive on a relative basis amid deteriorating end market demand for other industrial end markets, says the analyst. Further, he believes the GE Transportation integration is off to a strong start.
09/10/19
MSCO
09/10/19
INITIATION
Target $73
MSCO
Equal Weight
Wabtec initiated with an Equal Weight at Morgan Stanley
Morgan Stanley analyst Courtney Yakavonis started Wabtec with an Equal Weight rating and $73 price target. While the analyst sees upside to the company's 2019 earnings, she believes Precision Scheduled Railroading has introduced uncertainty into long-term locomotive demand. Further, long-term accretion from the GE Transportation merger may be capped by lower locomotive orders, Yakavonis tells investors in a research note.
09/16/19
KEYB
09/16/19
UPGRADE
Target $90
KEYB
Overweight
Wabtec upgraded to Overweight from Sector Weight at KeyBanc
KeyBanc analyst Steve Barger upgraded Wabtec to Overweight from Sector Weight with a $90 price target.
09/16/19
09/16/19
UPGRADE
Target $90

Overweight
Wabtec upgraded to Overweight at KeyBancG
As previously reported, KeyBanc analyst Steve Barger upgraded Wabtec (WAB) to Overweight from Sector Weight with a $90 price target. The analyst cited expectations that Wabtec can generate stable-to-growing revenue from its global footprint and sizable backlog, margin expansion from integrating the GE (GE) locomotive business, and better performance in Transit. In coming quarters, Barger thinks the combination of one-time acquisition-related costs rolling off, synergy realization, and eventual stabilization/recovery in Wabtec's cyclical businesses will result in improving EPS and cash flow.

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PLNT

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MHK

Mohawk

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KBH

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ZLAB

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SAN

Banco Santander

$4.10

0.155 (3.93%)

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MDLA

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$29.47

1.365 (4.86%)

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WORK

Slack Technologies

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CRNCY

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NXTC

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FAST

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PING

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  • 19

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PING

Ping Identity

$16.47

0.45 (2.81%)

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  • 19

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NTES

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$269.12

10.13 (3.91%)

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Downgrade
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