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.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Walmart (WMT) PT Lowered to $130 at UBS on Investment Narrative's Competing Dynamics
• Bernstein remains bullish on SpaceX but sees challenges in telecom ambitions
• Piper Sandler Reiterates Overweight Rating on Patterson-UTI Energy (PTEN)