JPMorgan initiated coverage of Wabtec (WAB) with a Neutral rating and $175 price target Wabtec is a provider of freight locomotives, railcar technology, and aftermarket parts and services for the freight and passenger transit rail markets, the analyst tells investors in a research note. The firm says a probable U.S. recession and tariff-driven inflationary pressures on margins lead it to model fiscal 2025 and 2026 estimates 4% and 8% below consensus, respectively, which suggests the stock’s risk/reward is balanced at the current level.
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