Analyst Expectations For Westinghouse Air Brake's Future
Portfolio Pulse from Benzinga Insights
Analysts have mixed views on Westinghouse Air Brake (NYSE:WAB), with 1 bullish and 3 somewhat bullish ratings in the last three months. The average 12-month price target is $143.75, up 14.09% from the previous $126.00. The company shows strong financial performance with a solid revenue growth rate of 22.54% and a net margin of 9.41%, but a lower ROE of 2.34%. Analysts from Jefferies, Morgan Stanley, Susquehanna, and Stephens & Co. have updated their ratings and price targets, reflecting a positive outlook.
January 11, 2024 | 3:00 pm
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POSITIVE IMPACT
Analysts have a positive outlook on WAB with an increased average price target of $143.75, indicating a potential upside. The company's strong financial performance is likely to support this positive sentiment.
The positive analyst ratings and raised price targets suggest confidence in WAB's future performance. The company's strong revenue growth and net margin are likely to be viewed favorably by investors, potentially leading to a short-term increase in stock price. However, the lower ROE may temper some of the enthusiasm, hence the importance is not at the maximum. The confidence level is high due to the clear consensus among analysts and the company's solid financial results.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 100