BofA analyst Ken Hoexter raised the firm’s price target on Wabtec (WAB) to $233 from $228 and keeps a Buy rating on the shares. The firm, which notes that the average North American locomotive fleet age is the oldest it has ever been, estimate this provides a sizable $8B upgrade opportunity for Wabtec’s potential total addressable market for DC/AC conversions.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WAB:
- Wabtec’s Growth Potential: Capitalizing on Locomotive Fleet Upgrades and Strategic Opportunities
- Epam, Westinghouse, Kala, Rani, Verisign: Major Stock Moves!
- Wabtec price target raised to $240 from $235 at Susquehanna
- Wabtec Reports Strong Q3 2025 Financial Performance
- Westinghouse Air Brake Technologies Reports Strong Q3 Earnings