Westinghouse Air Received its Third Buy in a Row

After Stifel Nicolaus and KeyBanc gave Westinghouse Air (NYSE: WAB) a Buy rating last month, the company received another Buy, this time from Cowen & Co. Analyst Matt Elkott assigned a Buy rating to Westinghouse Air today and set a price target of $125. The company’s shares closed on Friday at $97.34, close to its 52-week high of $100.28.

According to TipRanks.com, Elkott is a 4-star analyst with an average return of 22.3% and a 87.5% success rate. Elkott covers the Industrial Goods sector, focusing on stocks such as Freightcar America, Trinity Industries, and Greenbrier.

Currently, the analyst consensus on Westinghouse Air is Strong Buy and the average price target is $102.43, representing a 5.2% upside.

In a report issued on May 14, Deutsche Bank also upgraded the stock to Buy with a $105 price target.

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The company has a one-year high of $100.28 and a one-year low of $69.20. Currently, Westinghouse Air has an average volume of 787K.

Based on the recent corporate insider activity of 56 insiders, corporate insider sentiment is neutral 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.