Jefferies Says Westport Innovations (WPRT) Investor Day a Mixed Bag

Jefferies commented on Westport Innovations (NASDAQ: WPRT) following the company's first US investor day, calling it a "mixed bag."

The firm comments, "Westport's first US investor day was, in our view, a mixed bag, providing a good high-level introduction to the company and a direct response to key bear points. A paucity of detail on near-term trends, possible catalysts this summer, incremental economics, or earnings targets contributed to an 11% decline in the shares, particularly as incremental positives were tucked in the details. We expect more significant catalysts this summer."

Jefferies maintained their Buy rating and $55 price target.

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 $26.28 yesterday.

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