Stephens has raised its price target for Wabtec (NYSE:WAB) to $290.00 from $230.00, maintaining an “overweight” rating, which suggests a potential upside of 14.2% for the transportation company’s stock. This adjustment follows Wabtec’s strong Q4 performance, exceeding EPS and revenue expectations, and its announcement of a record backlog of approximately $27 billion. The company also approved a $1.2 billion share buyback program and completed the acquisition of Dellner Couplers, further signaling strategic capital deployment and confidence in future growth.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Wabtec (NYSE:WAB) Price Target Raised to $290.00 at Stephens
Stephens has raised its price target for Wabtec (NYSE:WAB) to $290.00 from $230.00, maintaining an “overweight” rating, which suggests a potential upside of 14.2% for the transportation company’s stock. This adjustment follows Wabtec’s strong Q4 performance, exceeding EPS and revenue expectations, and its announcement of a record backlog of approximately $27 billion. The company also approved a $1.2 billion share buyback program and completed the acquisition of Dellner Couplers, further signaling strategic capital deployment and confidence in future growth.