Citi initiates Wabtec's coverage on rail replenishment, megatrend momentum

Westinghouse Air Brake Technologies

22/09/2025 12:36

** Citi initiates coverage on locomotive parts maker Wabtec WAB.N with "buy" rating; PT at $225

** New PT represents upside of 19.2% from stock's last close

** Citi says co stands to benefit from ramp-up in North American rail fleet replenishment, as operators replace aging locomotives with more fuel-efficient, digitally enabled models

     ** Adds that Wabtec is well-positioned to benefit from global megatrends such as increased infrastructure investment, urbanization in emerging markets and push toward equipment modernization

** Six of eleven brokerages rate stock "buy" or higher, five "hold"; their median PT is $231 - data compiled by LSEG

** As of last close, stock has risen 0.47% YTD

 (Reporting by Apratim Sarkar)

 ((Apratim.Sarkar@thomsonreuters.com))