There’s a lot to be optimistic about in the Industrial Goods sector as 2 analysts just weighed in on Westinghouse Air Brake Technologies (WAB – Research Report) and Builders Firstsource (BLDR – Research Report) with bullish sentiments.
Westinghouse Air Brake Technologies (WAB)
In a report released today, Saree Boroditsky from Jefferies upgraded Westinghouse Air Brake Technologies to Buy, with a price target of $150.00. The company’s shares closed last Wednesday at $126.24, close to its 52-week high of $127.57.
According to TipRanks.com, Boroditsky is a 4-star analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Westinghouse Air Brake Technologies with a $132.40 average price target, implying a 5.1% upside from current levels. In a report issued on January 8, Morgan Stanley also initiated coverage with a Buy rating on the stock with a $137.00 price target.
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Builders Firstsource (BLDR)
Jefferies analyst Collin Verron maintained a Buy rating on Builders Firstsource yesterday and set a price target of $194.00. The company’s shares closed last Wednesday at $167.30, close to its 52-week high of $171.03.
According to TipRanks.com, Verron is a 5-star analyst with an average return of
Currently, the analyst consensus on Builders Firstsource is a Moderate Buy with an average price target of $173.87, which is a 4.8% upside from current levels. In a report issued on January 8, Loop Capital Markets also maintained a Buy rating on the stock with a $185.00 price target.
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Read More on WAB:
- Wabtec initiated with an Overweight at Morgan Stanley
- North American rail traffic up 4.4% for the week ending December 30
- North American rail traffic up 23.3% for the week ending December 23
- North American rail traffic up 5.7% for the week ending December 16
- Wabtec price target raised by $12 at BofA, here’s why
