Citi initiates Wabtec's coverage on rail replenishment, megatrend momentum

ReutersSep 22, 2025 11:36 AM

Citi initiates coverage on locomotive parts maker Wabtec WAB.N with "buy" rating; PT at $225

New PT represents upside of 19.2% from stock's last close

Citi says co stands to benefit from ramp-up in North American rail fleet replenishment, as operators replace aging locomotives with more fuel-efficient, digitally enabled models

Adds that Wabtec is well-positioned to benefit from global megatrends such as increased infrastructure investment, urbanization in emerging markets and push toward equipment modernization

Six of eleven brokerages rate stock "buy" or higher, five "hold"; their median PT is $231 - data compiled by LSEG

As of last close, stock has risen 0.47% YTD

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