China Trucking Shift to Natural Gas to Benefit Westport Innovations (WPRT)

June 11, 2012 11:42 AM EDT
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Price: $1.17 --0%

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    Up: 28 | Down: 28 | New: 23
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Westport Innovations' (NASDAQ: WPRT) Chinese joint venture could see a significant benefit as China's truck market is making an aggressive shift to natural gas, according to analysts at Piper Jaffray. The comments come after a visit to Westport's China JV.

The firm reiterated their Overweight rating and price target of $45.50.

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.

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