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Goldman Sachs Reiterates Sell on Westport Innovations (WPRT)

March 8, 2013 11:50 AM EST Send to a Friend
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Price: $14.78 -0.07%

Rating Summary:
    10 Buy, 9 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 10 | Down: 9 | New: 11
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Goldman Sachs today maintained a Sell rating on Westport Innovations (NASDAQ: WPRT) with a price target of $21.00.

Analyst Jerry Revich said, "We reiterate our Sell rating on WPRT as (1) the Cummins JV that accounts for nearly all WPRT's mediumterm profits and cash flow is scheduled to terminate in 2021 with a buy-out option at 1.3x EBIT in 2019, (2) high distribution support requirements limit normalized profitability for the Heavy Duty business as reiterated by 4Q results, and (3) alternative natural gas engine alternatives offer a compelling value proposition."

For an analyst ratings summary and ratings history on Westport Innovations (NASDAQ: WPRT) click here. For more ratings news on Westport Innovations click here.

Shares of Westport Innovations closed at $28.27 yesterday.




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Comments

Goldman vampire squid
Stanford professor on 2013-03-08 13:50:49
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how can you in good faith issue a sell rating when:
- gas is cleaner, cheaper, abundant, and will drive US energy independence
- revenue growth at WPRT continues
- new products will launch in 2013
- they have a massive patent portfolio / zero credible competition / 10 year head start

the only logical answer is that some of the blood thirsty Goldman alum or Goldman's own principal investment function is short (and short sighted) and also abusing their research function

Die you vampire squid! How can you possibly sleep at night? Don't you have a conscience?

GS cant be trusted, so do your own homework
Dave on 2013-03-08 12:59:51
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Goldman's sell on WPRT cannot be trusted, it just may be that they have client relationships with competitors or that they have a big short position on the stock and have not disclosed it. Goldman has been known to even bet against their own clients, so you had better to your own homework and don't listen to the snakes at Goldman Snakes.


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