Soleil Initiates Coverage On Wabtec (WAB) With A Hold
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Soleil initiates coverage on Wabtec (NYSE: WAB) with a Hold. Wabtec is a leader in technologically advanced freight and transit rail equipment, components and services. Soleil does have a $60 price target on Wabtec, but Soleil did say it would be hesitant on chasing Wabtec as the shares have doubled over the past seven months.
Wabtec is currently trading down 5.11%.
Westinghouse Air Brake Technologies Corporation, doing business as Wabtec Corporation (Wabtec), is a provider of technology-based equipment and services for the global rail industry.
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