Financial OutlookAnalyst reiterates Buy on WAB’s shares and increases price objective to $233, citing a robust backlog, improving margins, pending M&A, and synergy opportunities.
International ContractsWabtec announced a $4.2 billion deal with Kazakhstan’s national railway, marking the largest rail equipment contract in the company’s history.
Locomotive Fleet ModernizationWabtec's CEO highlighted significant opportunity for North America locomotive fleet modernization, with over 25% of units exceeding 20 years of age.