Wabtec (WAB) is Upgraded by Stifel to Buy, Price Target at $88

Wabtec (WAB) is Upgraded by Stifel to Buy according to the research report released to the investors. The brokerage firm has set the Price Target of the shares at $88. Earlier the firm had a rating of Hold on the company shares. The shares recommendation by the Brokerage Firm was released on Dec-22-2015.

Shares of Westinghouse Air Brake Technologies Corporation (NYSE:WAB) ended Thursday session in red amid volatile trading. The shares closed down 0.83 points or 1.17% at $70.32 with 923,205 shares getting traded. Post opening the session at $71.14, the shares hit an intraday low of $70.29 and an intraday high of $71.45 and the price vacillated in this range throughout the day. The company has a market cap of $6,784 million and the number of outstanding shares has been calculated to be 96,478,074 shares. The 52-week high of Westinghouse Air Brake Technologies Corporation (NYSE:WAB) is $105.1 and the 52-week low is $67.9604.

During the last several months other analysts have commented on the company rating. In a research note released to the investors, Raymond James upgrades its rating on Westinghouse Air Brake Technologies Corporation (NYSE:WAB).The analysts at the brokerage house have a current rating of Outperform on the shares. Earlier, the shares were rated a Market Perform by the brokerage firm. In a recent information released to the investors, Raymond James announces the price target of $82 per share. The rating by the firm was issued on November 16, 2015.

As many as 9 brokerage firms have rated Westinghouse Air Brake Technologies Corporation (NYSE:WAB) at 1.78. Research Analysts at Zacks have ranked the company at 3, suggesting the traders with a rating of hold for the short term. The stock garnered a place in the hold list of 3 stock Analysts. 1 analysts suggested buying the company. 5 analysts rated the company as a strong buy.

Westinghouse Air Brake Technologies Corporation (NYSE:WAB): 5 Analyst have given the stock of Westinghouse Air Brake Technologies Corporation (NYSE:WAB) a near short term price target of $101.6. The standard deviation reading, which is a measure by which the stock price is expected to swing away from the mean estimate, is at $13.94. The higher price target estimate is at $115 while the lower price estimates are fixed at $82.

Westinghouse Air Brake Technologies Corporation has lost 2.6% in the last five trading days and dropped 7.14% in the last 4 weeks. Westinghouse Air Brake Technologies Corporation has dropped 25.98% during the last 3-month period . Year-to-Date the stock performance stands at -18.82%.

Westinghouse Air Brake Technologies Corporation (Wabtec), doing business as Wabtec Corporation, is a providers of value-added, technology-based equipment and services for the global rail industry. It provides its products and services through two business segments: the Freight Group and the Transit Group, both of which have different market characteristics and business drivers. In June 2014, the Company acquired Fandstan Electric Group Ltd., rail and industrial equipment supplier. Effective August 19, 2014, Westinghouse Air Brake Technologies Corp of the United States acquired Dia Frag Industria e Comercio de Motopecas Ltd. Effective September 03, 2014, Westinghouse Air Brake Technologies Corp acquired C2CE Pty Ltd.