Fly News Breaks for September 10, 2019
Sep 10, 2019 | 06:14 EDT
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.
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