Westport (WPRT) Tops Q3 EPS by 2c, Beats on Revenues

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Westport Innovations (WPRT) PT Raised to $3.50 at Oppenheimer

November 15, 2017 9:12 AM EST

Oppenheimer raised its price target on Westport Innovations (NASDAQ: WPRT) to $3.50 (from $3.00) while maintaining an Outperform rating following solid beat on the top and bottom line.

Analyst Coline Rusch believes the WPRT targets for 7%-10% EBITDA in the Automotive segment and full company EBITDA-positive target by mid-2018 are realistic.

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