Westinghouse Air (WAB) Receives a Buy from Stephens


Stephens analyst Justin Long reiterated a Buy rating on Westinghouse Air (WAB) on October 31 and set a price target of $100. The company’s shares closed on Friday at $85.15.

According to TipRanks.com, Long is a 2-star analyst with an average return of 1.5% and a 50.0% success rate. Long covers the Services sector, focusing on stocks such as Union Pacific Corp, Genesee & Wyoming, and Canadian Pacific.

Westinghouse Air has an analyst consensus of Moderate Buy, with a price target consensus of $109.50, which is a 28.6% upside from current levels. In a report issued on October 31, Wells Fargo also reiterated a Buy rating on the stock with a $105 price target.

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Westinghouse Air’s market cap is currently $8.23B and has a P/E ratio of 26.57. The company has a Price to Book ratio of 2.84.

Based on the recent corporate insider activity of 81 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.

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