Wabtec Moves Up In Analyst Rankings, Passing CSX

Wabtec Corp (WAB) has moved into the #73 spot, replacing CSX Corp (CSX), in a study of major-brokerage analyst recommendations for S&P 500 components, per ETF Channel. This is a ranking/positioning update from analysts rather than a company-specific fundamentals or macro event and is unlikely to have more than idiosyncratic, short-term effects on the individual stocks.

Analysis

Wabtec Corp (WAB) has moved into the #73 spot, replacing CSX Corp (CSX), in a study of major-brokerage analyst recommendations for S&P 500 components, per ETF Channel. This is a ranking/positioning update from analysts rather than a company-specific fundamentals or macro event and is unlikely to have more than idiosyncratic, short-term effects on the individual stocks.