Stephens raises Wabtec's price target on strong demand

Westinghouse Air Brake Technologies

12/02/2026 13:59

** Shares of Wabtec WAB.N rise 1.8% to about $259 in premarket trading

** Stephens raises Wabtec's price target to $290 from $230 on strong domestic and international demand

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

** WAB on Wednesday forecast 2026 profit above estimates on strong demand from higher locomotive deliveries

** Brokerage says Inspection Technologies and Frauscher acquisitions drove margin expansion

** Adds that WAB expects strong demand in international, with fleets growing at pace of ~5%, while megawatt hours are trending favorably as fleets are run harder

** Brokerage raises co's 2026 adj. EPS estimate to $10.37 from $10.06 earlier; introduces 2027 adj. EPS estimate of $12.15

** As of last close, shares up about 19.2% YTD

 (Reporting by Parth Chandna)

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