Goldman Sachs Maintains Neutral on Westinghouse Air Brake, Raises Price Target to $152
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Jerry Revich has maintained a Neutral rating on Westinghouse Air Brake Technologies Corporation (WAB) and increased the price target from $138 to $152.
April 16, 2024 | 1:55 pm
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Goldman Sachs maintains a Neutral rating on Westinghouse Air Brake Technologies Corporation (WAB) and raises the price target from $138 to $152.
The increase in price target by Goldman Sachs suggests a positive outlook on the stock's future performance, potentially leading to short-term price appreciation. However, the Neutral rating indicates that the analyst sees the stock as fairly valued at its current price, balancing the potential for growth against existing risks. This combination of a higher price target with a Neutral stance may lead to moderate investor optimism, influencing short-term trading behavior.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100