Westinghouse Air Brake Technologies Corporation (WAB) Receives Analyst Rating

Westinghouse Air Brake Technologies Corporation (WAB) : Zacks Investment Research ranks Westinghouse Air Brake Technologies Corporation (WAB) as 4, which is a Sell recommendation. 6 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 8 research analysts is 1.5, which indicates as a Strong Buy.

Westinghouse Air Brake Technologies Corporation (WAB) stock is expected to deviate a maximum of $11.27 from the average target price of $89 for the short term period. 5 Street Experts have initiated coverage on the stock with the most promising target being $100 and the most muted being $72.

Westinghouse

Also, Deutsche Bank initiates coverage on Westinghouse Air Brake Technologies Corporation (NYSE:WAB). The shares have now been rated Buy by the stock experts at the ratings house. Deutsche Bank announces the current price target of $90 per share on Westinghouse Air Brake Technologies Corporation. The rating by the firm was issued on September 7, 2016.

Westinghouse Air Brake Technologies Corporation (NYSE:WAB): After opening at $74.3, the stock dipped to an intraday low of $74.3 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $75.82 and the buying power remained strong till the end. The stock closed at $75.26 for the day, a gain of 1.10% for the day session. The total traded volume was 821,044. The stocks close on the previous trading day was $74.44.

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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