Wabtec price target raised to $115 from $103 at Raymond James

Raymond James analyst Felix Boeschen raised the firm’s price target on Wabtec to $115 from $103 and keeps an Outperform rating on the shares. Boeschen believes Wabtec’s multiyear growth algorithm is underappreciated, owing to accelerating secular tailwinds including substantial runway for locomotive fleet renewal needs and global decarbonization benefits, the analyst tells investors in a research note.