Canaccord Genuity Maintains a 'Hold' on Westport Innovations (WPRT); Powering Up the Portfolio Part II: Analyst Day Notes
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Price: $1.83 +1.10%
Rating Summary:
8 Buy, 13 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
8 Buy, 13 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Canaccord Genuity maintains a 'Hold' on Westport Innovations (NASDAQ: WPRT) price target of $30.00.
Canaccord analyst, John Quealy, said, "We like management’s strategy (and track record thus far) in building the technology/IP/product platform. That said, we find risk/reward balanced here given current expectations on product commercialization timeframes and resulting profitability...Westport’s full market coverage (light, medium and heavy duty) provides unique diversification, positioning the company for market leadership when each of these sub-segments begins to mature...GM (NYSE: GM), Volvo, Weichai, Shell (NYSE: RDS-A) and Caterpillar (NYSE: CAT), look to be tracking toward commercial volumes in the ‘13+ timeframe. Here we find the P&L poised for a commensurate pick-up should development efforts remain largely on track."
For more ratings news on Westport Innovations click here and for the rating history of Westport Innovations click here.
Shares of Westport Innovations closed at $28.25 yesterday.
Canaccord analyst, John Quealy, said, "We like management’s strategy (and track record thus far) in building the technology/IP/product platform. That said, we find risk/reward balanced here given current expectations on product commercialization timeframes and resulting profitability...Westport’s full market coverage (light, medium and heavy duty) provides unique diversification, positioning the company for market leadership when each of these sub-segments begins to mature...GM (NYSE: GM), Volvo, Weichai, Shell (NYSE: RDS-A) and Caterpillar (NYSE: CAT), look to be tracking toward commercial volumes in the ‘13+ timeframe. Here we find the P&L poised for a commensurate pick-up should development efforts remain largely on track."
For more ratings news on Westport Innovations click here and for the rating history of Westport Innovations click here.
Shares of Westport Innovations closed at $28.25 yesterday.
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