Stephens analyst Daniel Imbro raised the firm’s price target on Wabtec (WAB) to $205 from $190 and keeps an Overweight rating on the shares after the company reported a Q3 EPS beat. With near-term estimates increasing and Wabtec proving out its ability to grow earnings through the cycle, the firm remains buyers, the analyst tells investors.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WAB:
- North American rail traffic down down 0.6% for the week ending October 19
- Wabtec Reports Strong Q3 2024 Financial Results
- Wabtec reports Q3 adjusted EPS $2.00, consensus $1.90
- Wabtec raises FY24 adjusted EPS view to $7.45-$7.65 from $7.20-$7.50
- Wabtec sees FY24 operating cash flow conversion of greater than 90%