BofA analyst Ken Hoexter raised the firm’s price target on Wabtec (WAB) to $236 from $231 and keeps a Buy rating on the shares after the company acquired Frauscher Sensor Technology Group, a leader in train detection, wayside object control solutions and axle counting systems, for EUR 675M in cash. The firm, which assumes a late 2025 close and 20c per share in 2026 EPS accretion, sees deal synergies ramping in years two and three.
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Read More on WAB:
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