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

Westinghouse Air Brake Technologies Corporation (NYSE:WAB) : Zacks Investment Research ranks Westinghouse Air Brake Technologies Corporation (NYSE: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. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 9 research analysts is 1.56, which indicates as a Buy.

Westinghouse Air Brake Technologies Corporation (NYSE:WAB) : 6 investment research analysts covering Westinghouse Air Brake Technologies Corporation (NYSE:WAB) have an average price target of $96.17 for the near short term. The highest target price given by the Brokerage Firm to the stock is $115 and the lowest target is $86 for the short term. Analysts expect the variance to be within $10.83 of the average price.

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

Westinghouse Air Brake Technologies Corporation (NYSE:WAB): stock turned positive on Tuesday. Though the stock opened at $68.19, the bulls momentum made the stock top out at $69.17 level for the day. The stock recorded a low of $67.95 and closed the trading day at $68.6, in the green by 2.14%. The total traded volume for the day was 1,084,364. The stock had closed at $67.16 in the previous days trading.

In an insider trading activity, Vande Steeg Nickolas, director of Westinghouse Air Brake Technologies Corp, executed a transaction worth $500,649 on November 10, 2015. A total of 6,470 shares were purchased at an average price of $77.38. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

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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