Wabtec and GE Transportation to Merge, Creating Global Leader for Rail Equipment, Services and Software

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Go back to Wabtec and GE Transportation to Merge, Creating Global Leader for Rail Equipment, Services and Software

Wabtec (WAB) PT Raised to $115 at Stifel Following GE Deal

May 22, 2018 1:13 PM EDT

Stifel raised its price target on Wabtec (NYSE: WAB) to $115.00 (from $106.00) while maintaining a Buy rating following the GE Transportation deal.

Analyst Michael Baudendistel commented, "We like the deal for numerous reasons and we have a hard time finding aspects... More