Union Pacific and Westinghouse Air Brake Technologies (Wabtec) have signed a $1.2 billion deal to modernize locomotives. Post this, there are interesting insights on Wabtec's valuation and a potential upside due to newly acquired deals and increased buyback authorization. Contrary to some concerns, Growth investors are advised not to overlook Wabtec, and its shares have been added to Impax Asset Management Group's portfolio. Morgan Stanley raised the price target for Wabtec from $264 to $315. Q4 earnings for Wabtec exceeded expectations and even raised the earnings guidance. Additional highlights include a $4.2 billion locomotive order from Kazakhstan, plans to expand operations in Brazil with a R$20 million investment, and a possible boost to the dividend and buyback. Finally, despite higher valuation concerns, Wabtec's margin expansion appears to reinforce a bullish narrative.
Wabtec WAB News Analytics from Wed, 30 Apr 2025 20:54:10 GMT to Thu, 19 Feb 2026 05:02:03 GMT - Rating 7 - Innovation 5 - Information 8 - Rumor -3
