Analyst Rating Update on Westinghouse Air Brake Technologies Corporation (WAB)

Westinghouse Air Brake Technologies Corporation (WAB) : 5 brokerage houses believe that Westinghouse Air Brake Technologies Corporation (WAB) is a Strong Buy at current levels. 2 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Westinghouse Air Brake Technologies Corporation (WAB). Zacks Investment Research suggests a Strong Sell with a rank of 5.The median of all the 7 Wall Street Analysts endorse the stock as a Buy with a rating of 1.57.

Westinghouse Air Brake Technologies Corporation (WAB) : The consensus price target for Westinghouse Air Brake Technologies Corporation (WAB) is $88.75 for the short term with a standard deviation of $13. The most optimist securities analyst among the 4 who monitor the stock believes that the stock can reach $100, however, the pessimist price target for the company is $72.

For the current week, the company shares have a recommendation consensus of Buy.

Westinghouse

Westinghouse Air Brake Technologies Corporation (NYSE:WAB): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $68.25 and $68.14 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $70.14. The buying momentum continued till the end and the stock did not give up its gains. It closed at $70.14, notching a gain of 3.06% for the day. The total traded volume was 867,894 . The stock had closed at $68.06 on the previous day.

Westinghouse Air Brake Technologies Corporation (Wabtec) is a provider of technology-based products and services to freight rail and passenger transit industries. The Companys products are used in locomotives, freight cars subway cars and buses, and other vehicles in United States and other countries across the world. The Company operates through two business segments: the Freight Segment and the Transit Segment. The Freight Segment manufactures and services components for new and existing locomotive and freight cars, supplies railway electronics, positive train control equipment, signal design and engineering services, builds switcher locomotives, rebuilds freight locomotives and provides heat exchangers and cooling systems for rail and other industrial markets. The Transit Segment manufactures and services components for new and existing passenger transit vehicles, such as subway cars and buses, builds new commuter locomotives and refurbishes subway cars.

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