Citi lifts Wabtec PT on sustained demand

Westinghouse Air Brake Technologies

08/04/2026 12:55

** Citi raises locomotive parts maker Wabtec's WAB.N price target to $292 from $283

** New PT represents a 14% upside to stock's last close

** Brokerage says co noted no notable change in expected bookings and revenue conversion from its direct customers despite the Iran conflict, unless the conflict drives a recession

** However, brokerage adds that WAB noted minor Middle East exposure and an ability to use alternate supply chain routes along with de minimis impact from higher fuel price to its manufacturing process

** As of last close, shares up about 20% YTD

 (Reporting by Parth Chandna)

 ((Parth.Chandna@thomsonreuters.com;))