Wabtec price target raised to $240 from $220 at KeyBanc

KeyBanc analyst Steve Barger raised the firm’s price target on Wabtec (WAB) to $240 from $220 and keeps an Overweight rating on the shares to include the still-pending acquisitions of Inspection Tech and Deliner. KeyBanc views Wabtec as a high-quality name that should be owned, particularly if there are any signs of new locomotive builds in North Amereica in the medium- to long-term, the analyst tells investors in a research note.