KeyBanc raised the firm’s price target on Wabtec (WAB) to $220 from $200 and keeps an Overweight rating on the shares. The firm recently attended a Wabtec-hosted analyst meeting and walked away impressed with management’s confidence in its ability to drive profitable growth from international opportunities, continuous improvement programs, and at some point, an accelerating NA locomotive cycle.
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Read More on WAB:
- North American rail traffic up 5.9% for the week ending November 2
- North American rail traffic up 3.1% for the week ending October 26
- Wabtec price target raised to $222 from $220 at Susquehanna
- Wabtec price target raised to $205 from $190 at Stephens
- North American rail traffic down down 0.6% for the week ending October 19