Canaccord Genuity maintains a 'Hold' on Westport Innovations (WPRT); Expecting N-T Incremental, Sizable HD Order Flow

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Canaccord Genuity maintains a 'Hold' on Westport Innovations (NASDAQ: WPRT) price target of $34.00.

Analyst, John Quealy, said, "Industry momentum continues to accelerate (as evidenced by Shell (Nasdaq: RDS-A) and Caterpillar (NYSE: CAT) announcements just last week), while political/subsidy actions remain a major potential catalyst. We continue to favor management’s strategy, although find risk/reward balanced given current expectations on product commercialization timeframes and resulting profitability."

For an analyst ratings summary and ratings history on Westport Innovations click here. For more ratings news on Westport Innovations click here.

Shares of Westport Innovations closed at $30.55 yesterday, with a 52 week range of $19.69-$50.19.

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