Morgan Stanley analyst Angel Castillo reiterated a Buy rating on Westinghouse Air Brake Technologies (WAB – Research Report) today and set a price target of $220.00.
Angel Castillo has given his Buy rating due to a combination of factors that suggest the recent sell-off of Westinghouse Air Brake Technologies (WAB) was an overreaction. Despite the company missing its fourth-quarter expectations and releasing a conservative 2025 outlook, Castillo believes the market’s response was exaggerated.
Castillo argues that past instances of similar market reactions to WAB’s earnings have shown that the stock tends to recover and reach new highs. He views the company’s long-term earnings growth algorithm as conservative, positioning WAB to continue exceeding expectations. This perspective, paired with the belief that the company’s fundamentals remain strong, supports Castillo’s recommendation to buy shares on the current market weakness.
Based on the recent corporate insider activity of 93 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WAB in relation to earlier this year.