Westinghouse Air Brake Technologies Corporation (WAB) Receives Price Target

Westinghouse Air Brake Technologies Corporation (WAB) stock is expected to deviate a maximum of $13 from the average target price of $88.75 for the short term period. 4 Street Experts have initiated coverage on the stock with the most promising target being $100 and the most muted being $72.

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 Sell with a rank of 4.The median of all the 7 Wall Street Analysts endorse the stock as a Buy with a rating of 1.57.

Westinghouse

Westinghouse Air Brake Technologies Corporation (NYSE:WAB): The stock opened at $76.45 on Thursday but the bulls could not build on the opening and the stock topped out at $76.83 for the day. The stock traded down to $75.19 during the day, due to lack of any buying support eventually closed down at $75.79 with a loss of -1.07% for the day. The stock had closed at $76.61 on the previous day. The total traded volume was 870,491 shares.

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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