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Deutsche Bank Starts Westport Innovations (WPRT) at Buy, Sees Inflection Point

November 15, 2012 6:53 AM EST Send to a Friend
Get Alerts WPRT Hot Sheet
Price: $17.56 --0%

Rating Summary:
    10 Buy, 9 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 16 | Down: 24 | New: 8
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Deutsche Bank initiates coverage on Westport Innovations (NASDAQ: WPRT) with a Buy. PT $38.00.

The firm comments, "We see an inflection point for natural gas vehicles (NGVs) (and Westport shares) from 2013 as engine technology advancements (plus resulting new product introductions) increase the served available market opportunity and accelerate NGV penetration. Diminishing infrastructure bottlenecks and a resulting increase in OEM interest in this technology should drive additional upside to our/consensus estimates over the next 12-18 months. We believe shares are adequately discounting the near-term macro headwinds post the recent guidance revision and, considering the potential for multiple catalysts on the horizon, we believe risk-reward is attractive at current levels."

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 $26.37 yesterday.




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