Cowen & Co. Reaffirms Their Buy Rating on Westinghouse Air


Cowen & Co. analyst Matt Elkott reiterated a Buy rating on Westinghouse Air (NYSE: WAB) yesterday and set a price target of $125. The company’s shares closed yesterday at $98.40, close to its 52-week high of $104.21.

Elkott has an average return of 19.7% when recommending Westinghouse Air.

According to TipRanks.com, Elkott is ranked #915 out of 4825 analysts.

Westinghouse Air has an analyst consensus of Strong Buy, with a price target consensus of $106.14.

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Based on Westinghouse Air’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $88.1 million. In comparison, last year the company had a net profit of $73.67 million.

Based on the recent corporate insider activity of 62 insiders, corporate insider sentiment is negative on the stock.

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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.

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