In a report released today, Ken Hoexter from Bank of America Securities maintained a Buy rating on Westinghouse Air Brake Technologies (WAB – Research Report), with a price target of $214.00.
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Ken Hoexter’s rating is based on several strategic factors presented during Wabtec’s recent analyst meeting in Pittsburgh. The company demonstrated its advanced technology projects and outlined ambitious targets for 2025 and the next five years, which include significant efficiency gains. Wabtec plays a vital role in the freight industry, with a substantial portion of global freight rail traffic relying on its locomotives and products, highlighting its market influence and innovative capacity.
Additionally, Wabtec’s financial targets are compelling, with expectations for mid-single-digit sales growth, substantial operating margin improvements, and double-digit earnings per share growth over the next five years. The company’s focus on cost efficiencies, technology-driven growth, and strategic initiatives positions it as a strong multi-year investment opportunity. The set price objective of $214, along with a robust backlog and improving margins, reinforces Ken Hoexter’s confidence in maintaining a Buy rating for Wabtec’s stock.
In another report released on February 13, Morgan Stanley also maintained a Buy rating on the stock with a $220.00 price target.