Jefferies Reiterates a 'Buy' on Westport Innovations (WPRT); Q4 vVolumes Solid; Investment Picking Up

Jefferies reiterates a 'Buy' on Westport Innovations (NASDAQ: WPRT) price target of $55.00.

Analyst, Laurence Alexander, said, "Westport's Q4 delivered on its pre-announcement. As the company's strong 2012E outlook (sales up 50%) is only ~15% above a Q4 run-rate (ex-Volvo payments), it could be conservative. One positive surprise was indications that the infrastructure build may be coming faster than expected, particularly in China. This should lead to more OEM interest in commercializing vehicle platforms."

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 $40.47 yesterday.

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