In a report released yesterday, Matt Elkott from Cowen & Co. maintained a Buy rating on Westinghouse Air Brake Technologies (WAB – Research Report), with a price target of $110.00. The company’s shares closed last Friday at $95.12.
According to TipRanks, Elkott is a 5-star analyst with an average return of 13.3% and a 56.80% success rate. Elkott covers the Industrial Goods sector, focusing on stocks such as Caterpillar, Deere, and Cummins.
Currently, the analyst consensus on Westinghouse Air Brake Technologies is a Moderate Buy with an average price target of $98.33.
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The company has a one-year high of $100.05 and a one-year low of $78.26. Currently, Westinghouse Air Brake Technologies has an average volume of 927.6K.
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Westinghouse Air Brake Technologies Corp. engages in the provision of equipment, systems, and value-added services for the rail industry. It operates through the following segments: Freight and Transit. The Freight segment involves in the manufacture and offers services components for new and existing locomotives and freight cars; supplies rail control and infrastructure products such as electronics, positive train control equipment, and signal design and engineering services; overhauls locomotives; and provides heat exchangers and cooling systems for rail and other industrial markets. The Transit segments includes the manufacture and providing services components for new and existing passenger transit vehicles, including regional trains, high speed trains, subway cars, light-rail vehicles, and buses; supplies rail control and infrastructure products such as electronics, positive train control equipment, and signal design and engineering services; builds new commuter locomotives; and renovate passenger transit vehicles. The company was founded in 1869 and is headquartered in Pittsburgh, PA.
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