- 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.
For further details see:
Wabtec Struggling With Weak Freight Demand And Poor Operating Leverage