B of A Securities Upgrades Westinghouse Air Brake to Buy, Raises Price Target to $150
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Ken Hoexter upgraded Westinghouse Air Brake (NYSE:WAB) from Neutral to Buy and increased the price target from $128 to $150.
January 16, 2024 | 5:02 pm
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Westinghouse Air Brake was upgraded by B of A Securities from Neutral to Buy, with a price target boost from $128 to $150, indicating a positive outlook on the stock.
Upgrades by analysts, especially from neutral to buy ratings, typically suggest a bullish view on the stock's future performance and can lead to increased investor confidence and potential short-term price appreciation. The raised price target further reinforces the positive sentiment.
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