UPDATE: Wolfe Research Upgrades Wabtec (WAB) to Peerperform

February 19, 2021 7:33 AM EST
Get Alerts WAB Hot Sheet
Price: $84.87 -0.16%

Rating Summary:
    14 Buy, 9 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 18 | Down: 11 | New: 8
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(Updated - February 19, 2021 7:56 AM EST)

Wolfe Research analyst Scott Group upgraded Wabtec (NYSE: WAB) from Underperform to Peerperform.

The analyst comments "This morning, WAB reported adjusted 4Q earnings of $0.98 vs. Cons. of $1.03 and our estimate of $1.00. WAB has materially underperformed the rails and broader market the past 2 years and it’s now down slightly YTD after today’s pullback. With expectations for zero new loco deliveries in N. America this year, we’re hopeful that WAB’s earnings have now troughed. So with WAB trading below 18x our C21 EPS estimate and the midpoint of its guidance, we’re upgrading the stock to Peer Perform."

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 $72.06 yesterday.

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