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UPDATE: Stifel Nicolaus Initiates Wabtec Corporation at Hold on Valuation

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Stifel Nicolaus initiated coverage on Westinghouse Air Brake Technologies Corporation (NYSE: WAB) with a Hold rating.

Stifel Nicolaus commented, "High quality holding, in our view: However, we believe the company's shares represent an attractive longer-term holding, and we believe Wabtec is one of the highest quality names within our broad transportation and logistics coverage universe. In addition, as our fair value estimate implies, some upside potential remains relative to the most recent trading price, despite the shares hitting fresh all-time highs in January 2013. We would potentially revisit our rating should the company's shares trade down to $80 or below, all else being equal."

Wabtec Corporation closed at $89.20 on Thursday.

Latest Ratings for WAB

DateFirmActionFromTo
Dec 2015Stifel NicolausUpgradesHoldBuy
Nov 2015Raymond JamesUpgradesMarket PerformOutperform
Oct 2014WunderlichInitiates Coverage onBuy

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Posted-In: Stifel NicolausAnalyst Color Initiation Intraday Update Analyst Ratings

 

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