Commentary

Cowen: Wabtec Investor Day Insight

Written by Matt Elkott, Transportation OEM Analyst, TD Cowen
Matt Elkott

Matt Elkott

March 9 was Investor Day for Wabtec (WAB), and its five-year margin target is ahead of consensus for the next three years (the maximum available). Revenue and EPS targets are not inconsistent with Street expectations. Cowen and Company believes WAB’s geographic breakout could position it well as some rail commodities shift from Russia to other world regions.

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