Wabtec (WAB) Misses Q2 EPS by 3c; Trims Outlook
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Stifel Cuts Price Target on Wabtec (WAB) to $85 Following 2Q EPS Miss
July 26, 2016 7:46 AM EDTStifel reiterated a Buy rating on Wabtec (NYSE: WAB), and cut the price target to $85.00 (from $90.00), following the company's 2Q earnings report. WAB reported an adjusted EPS of $1.05, below the Street's consensus of $1.08. Stifel sees the current weakness in shares as an attractive entry point.
Analyst Michael Baudendistel commented, "We believe now is an... More
