These Analysts Raise Their Forecasts On Wabtec After Upbeat Q2 Results

Benzinga07-23

Westinghouse Air Brake Technologies Corp (NYSE:WAB) on Wednesday reported better-than-expected second-quarter financial results and raised its FY26 guidance. Westinghouse Air Brake posted adjusted EPS...

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The company’s sales came in at $3.179 billion versus estimates of $3.075 billion.\nThe company raised its FY2026 adjusted EPS guidance from $10.25-$10.65 to $10.60-$10.90 and also raised its FY2026 sales guidance from $12.190 billion-$12.490 billion to $12.300 billion-$12.600 billion.\n“Wabtec delivered a strong first half, with solid second quarter execution across our businesses driving robust sales growth, margin expansion and a 22% increase in adjusted EPS growth,” said Rafael Santana, Wabtec’s Chairman and CEO.\nWestinghouse Air Brake shares gained 0.7% to trade at $292.13 on Thursday.\nThese analysts made changes to their price targets on Westinghouse Air Brake following earnings announcement.\n\nKeybanc analyst Steve Barger maintained the stock with an Overweight rating and raised the price target from $308 to $340.\nSusquehanna analyst Bascome Majors maintained the stock with a Positive and raised the price target from $305 to $340.\nWells Fargo analyst Jerry Revich maintained the stock with an Equal-Weight rating and boosted the price target from $284 to $315.\n\nConsidering buying WAB stock? 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