Jefferies Upgrades Westinghouse Air Brake to Buy, Raises Price Target to $150
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Saree Boroditsky upgraded Westinghouse Air Brake (NYSE:WAB) from Hold to Buy and increased the price target from $115 to $150, indicating a positive outlook on the company's stock.
January 11, 2024 | 2:19 pm
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Jefferies analyst Saree Boroditsky upgraded Westinghouse Air Brake's stock from Hold to Buy and raised the price target from $115 to $150, suggesting a bullish stance on the company's future performance.
Analyst upgrades typically lead to a positive short-term reaction in the stock market as they suggest improved fundamentals or future prospects for the company. The substantial increase in the price target from $115 to $150 by Jefferies reflects a strong conviction in the company's potential for growth and profitability, which is likely to be viewed favorably by investors.
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