Cowen & Co. Thinks Westinghouse Air’s Stock is Going to Recover
In a report released today, Matt Elkott from Cowen & Co. maintained a Buy rating on Westinghouse Air (WAB), with a price target of $88. The company’s shares closed yesterday at $67.30, close to its 52-week low of $65.09.
According to TipRanks.com, Elkott is a 4-star analyst with an average return of 11.2% and a 56.4% success rate. Elkott covers the Industrial Goods sector, focusing on stocks such as Freightcar America, Trinity Industries, and Greenbrier.
Westinghouse Air has an analyst consensus of Strong Buy, with a price target consensus of $92.50, representing a 37.4% upside. In a report released yesterday, Seaport Global also maintained a Buy rating on the stock with a $100 price target.
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The company has a one-year high of $115.40 and a one-year low of $65.09. Currently, Westinghouse Air has an average volume of 1.25M.
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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.