KeyBanc Remains Sidelined as Investor Interest Increases on Wabtec (WAB)

KeyBanc reiterated a Sector Weight rating on Wabtec (NYSE: WAB) as investor interest has increased, surrounding the North American railcar cycle, the pending LEY acquisition, the sustainability of margins and returns, and WAB’s declining share price. Keybanc expects WAB could earn an EPS of $4.30, albeit with lower operating margins and financial returns vs. recent years.

Analyst Steve Barger commented, "In the past month or two, investor interest in WAB has increased due to concerns around the North American railcar cycle, the pending LEY acquisition, the sustainability of margins and returns, and WAB’s declining share price. Given these dynamics, we decided to update our thoughts on the major drivers for investor sentiments and financial results. While we think the story has become more intriguing given the recent share price pullback, at this time, we are maintaining our SW rating."

For an analyst ratings summary and ratings history on Wabtec click here. For more ratings news on Wabtec click here.

Shares of Wabtec closed at $72.49 yesterday.

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