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WAB: Landmark Kazakhstan Rail Deal Will Drive Stronger Returns Ahead

Update shared on 21 Nov 2025

Fair value Increased 1.00%
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Analysts have raised their price target for Westinghouse Air Brake Technologies from $231.50 to $233.82, citing improvements in profit margin and revenue growth expectations.

What's in the News

  • Wabtec Corporation signed a landmark agreement with Kazakhstan Temir Zholy (KTZ) to supply Evolution Series locomotives and long-term service support, valued at $4.2 billion. This is the largest locomotive deal in the company's history (Key Developments).
  • The contract with KTZ strengthens Wabtec's presence in Kazakhstan and positions the company as a leading rail technology partner and innovator in the region (Key Developments).
  • The new Evolution Series locomotives are designed to improve fuel efficiency, extend maintenance intervals, and enhance performance in challenging climates and terrain (Key Developments).
  • Westinghouse Air Brake Technologies reaffirmed its full year 2025 revenue guidance, expecting between $10.925 billion and $11.225 billion, which reflects a 6.6% increase at the midpoint (Key Developments).
  • The company completed the repurchase of over 6.9 million shares for approximately $1.15 billion under its previously announced buyback program (Key Developments).

Valuation Changes

  • Consensus Analyst Price Target has risen slightly, increasing from $231.50 to $233.82.
  • Discount Rate has fallen marginally from 8.72% to 8.68%.
  • Revenue Growth expectation has increased modestly from 7.07% to 7.10%.
  • Net Profit Margin is projected higher, moving up from 13.06% to 14.16%.
  • Future P/E ratio has decreased from 28.90x to 27.35x.

Disclaimer

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