Wolfe Research upgraded Wabtec (WAB) to Outperform from Peer Perform with a $245 price target The firm upgraded the shares as part of its 2026 outlook for the transport group. Wabtec’s growth will accelerate in 2026 following a couple of larger acquisitions, the analyst tells investors in a research note. Wolfe says the recent Union Pacific (UNP) merger application suggests more upside potential for Wabtec from the merger than originally expected. It also is confident in the company’s ability to pass through tariff costs.
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