Wolfe Research analyst Scott Group raised the firm’s price target on Wabtec (WAB) to $303 from $295 and keeps an Outperform rating on the shares. The company reported a “large” Q1 EPS beat and modestly raised its guidance for FY26, the analyst tells investors. The firm believes Wabtec has earned its recent valuation premium due to its record backlog, competitive positioning, and visibility to top-line growth.
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