Brokerage Firm Rating Update on Westinghouse Air Brake Technologies Corporation (WAB)

Westinghouse Air Brake Technologies Corporation (WAB) has an average broker rating of 1.57, which is interpreted as a Buy, as rated by 7 equity analysts. Nonetheless, 5 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 2 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 4, which is also a Sell.

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

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

Westinghouse Air Brake Technologies Corporation (NYSE:WAB): The stock opened at $77.22 and touched an intraday high of $78.89 on Wednesday. During the day, the stock corrected to an intraday low of $76.76, however, the bulls stepped in and pushed the price higher to close in the green at $78.14 with a gain of 1.51% for the day. The total traded volume for the day was 933,075. The stock had closed at $76.98 in the previous trading session.

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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