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Shares Of Wabtec Leap On 1Q Surprise, '09 Forecast

Stock quotes in this article: WAB  

NEW YORK (AP) — Shares of Wabtec Corp. leaped Wednesday after the railcar systems manufacturer reported first-quarter earnings that surpassed Wall Street's expectations, and an analyst lifted the stock to "Buy."

Also fueling investors optimism, the company reaffirmed its earnings prediction for the full-year.

The stock gained $4.72, or 15.3 percent, to $35.54 in afternoon trading. ...

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