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Investment Recommendation: Wabtec Corp (WAB) can Surprise on the Upside

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Investment Recommendation: Wabtec Corp (WAB) can Surprise on the Upside

Introduction

This article was posted on Thursday, 19:43, UTC.

Wabtec Corp (Westinghouse Air Brake Technologies Corp) (NYSE: WAB) manufactures technology-based products for locomotives, freight cars, passenger transit vehicles and power generation equipment. The company caters for both the original equipment and aftermarket applications. Key Findings Dynamically growing revenues Strong and growing margins Bullish technical position despite a cyclical downturn in the segment Targeted strategic acquisitions provide base for diversified growth Recommendation: Buy The Company’s History Though the current company – Wabtec Corporation – was incorporated in 1999 with the merger of Westinghouse Air Brake Company(WABCO) and MotivePower Industries Inc, the roots of the company through WABCO date back to…

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Rakesh Upadhyay

Rakesh Upadhyay

Rakesh Upadhyay is a Technical Analyst and Portfolio Consultant for The Summit Group. He has more than a decade of experience as a private trader. His philosophy is to use technical analysis for momentum trading and fundamental analysis for long-term positions. Rakesh likes to keep himself fit by lifting weights and considers himself to be a spiritual person.

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