Westport (WPRT) Tops Q1 EPS by 10c, Maintains FY Outlook

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Go back to Westport (WPRT) Tops Q1 EPS by 10c, Maintains FY Outlook

Lake Street Capital Markets Upgrades Westport Innovations (WPRT) to Buy

May 8, 2015 8:18 AM EDT

Lake Street Capital Markets upgraded Westport Innovations (NASDAQ: WPRT) from Hold to Buy with a price target of $9.00. Analyst Robert D. Brown noted a positive change in trends, and he thinks asset sales are a potential near-term catalyst.

"Trends have improved for Westport as operating expenses declined dramatically (down 31%), gross margins recovered, revenue stabilized... More