Ken Hoexter, an analyst from Bank of America Securities, reiterated the Buy rating on Westinghouse Air Brake Technologies (WAB – Research Report). The associated price target was raised to $231.00.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Ken Hoexter has given his Buy rating due to a combination of factors including Westinghouse Air Brake Technologies’ strong financial targets and strategic initiatives. The company’s CFO, John Olin, has reiterated revenue and earnings per share targets for 2025, with expectations of mid-single-digit backlog growth. Despite some mix pressure anticipated in the latter half of 2025, the company is seeing positive trends in North American carload growth and is making significant progress in cost reduction through its Integration 2.0 and 3.0 initiatives.
Additionally, Westinghouse Air Brake Technologies is actively managing its portfolio to optimize revenue and mitigate tariff impacts through strategic sourcing and pricing adjustments. The company’s mergers and acquisitions strategy is also on track, with the acquisition of Evident’s Inspection Technologies nearing completion and the Dellner Couplers deal progressing despite regulatory reviews. These factors, combined with a robust backlog and improving margins, underpin Hoexter’s decision to maintain a Buy rating and raise the price objective to $231.
In another report released on June 24, KeyBanc also maintained a Buy rating on the stock with a $240.00 price target.
WAB’s price has also changed slightly for the past six months – from $193.860 to $206.290, which is a 6.41% increase.