Morgan Stanley Initiates Coverage On Westinghouse Air Brake with Overweight Rating, Announces Price Target of $137
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Dillon Cumming has initiated coverage on Westinghouse Air Brake Technologies Corporation (WAB) with an Overweight rating and a price target of $137.

January 08, 2024 | 5:04 pm
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Morgan Stanley has initiated coverage on Westinghouse Air Brake with an Overweight rating and a price target of $137, which could positively influence the stock's performance.
Analyst ratings, especially from prominent financial institutions like Morgan Stanley, can significantly impact stock prices in the short term. An Overweight rating suggests that the analyst believes WAB will outperform the average market return. The announcement of a price target above the current market price typically indicates an expectation of growth, which can lead to increased investor confidence and upward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 90
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