Jefferies Reiterates a 'Buy' on Westport Innovations (WPRT); Investment Case Stands

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

Analyst, Laurence Alexander, said, "We believe much of the recent sell-off in Westport shares reflects concerns about potential competition (inevitable in some product categories, in our view, vide China) and a fuzzy perception of Westport's strategic position. The only antidote would be clarity and execution. With favorable newsflow likely this summer, we reiterate our rating."

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 $34.49 yesterday.

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