Wabtec(WAB), a major firm in the transportation and logistics industry, is taking decisive investment steps. As part of its strategic business expansion, it acquired
Evident's Inspection Technologies division for $1.78 billion. Benefits of this acquisition include boosting its Digital Solutions Business, expanding its industrial heating solutions portfolio, and strengthening its heat transfer and energy solution. In addition, Wabtec's hybrid battery-diesel work locomotives received approval for NewYork Subway system maintenance operations. The financial sector experts also remain bullish. The firm's stock targets were increased, with Bank of America raising its price target to $226. Also, Wabtec announced its Q4 2024 Earnings Release Date for February 12. BofA Securities gave WAB stock a renewed
'Buy' rating, based on strategic growth and acquisition moves. However, it was perceived to be underperforming in the market. Its Q3 sales targets were missed, resulting in a drop in stock value. Despite this, the firm managed to secure a $277-million locomotive order from SimFer. Additionally, Wabtec was ranked highly on the Disability Equality Index, acknowledging its commitment to an inclusive work environment.
Wabtec WAB News Analytics from Mon, 12 Feb 2024 08:00:00 GMT to Fri, 17 Jan 2025 21:56:00 GMT -
Rating 1
- Innovation 6
- Information 8
- Rumor -3
