• Deutsche Bank Upgrades Wabtec

    5 monthes ago - By Crossing Wall Street

    Benzinga has the details .
    Deutsche Bank's Saree Boroditsky upgraded Wabtec from Hold to Buy with a price target lifted from $95 to $105.
    The Thesis
    Wabtec's management presented a five-year strategic plan at its investor day in which earnings per share could double from $3.80 in 2018 to more than $7.60 per share by 2022, Boroditsky said in a note. Moreover, operating profit could reach $1 billion and top-line growth of 9 percent could also be seen.
    Investor sentiment on the stock remains “relatively negative” with a high short interest, the analyst said. However, the Street is...
    Read more ...