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WAB - Wabtec Struggling With Weak Freight Demand And Poor Operating Leverage
Westinghouse Air Brake Technologies Corporation
Wabtec continues to suffer the impact of major changes in the North American rail freight market, including dramatically lower locomotive demand and high levels of stacked equipment.
Transit is looking better from a growth perspective, but management needs to maximize the margin potential of this business to really take advantage.
Wabtec may be washed out from a sentiment perspective, and I can see a path to a $100 share price in 2023, but investors will need to be patient.