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Fly News Breaks for August 30, 2018
WPRT
Aug 30, 2018 | 08:52 EDT
Lake Street analyst Robert Brown called the agreement with Waichai a "game-changer" for Westport Fuel Systems, noting that the deal will allow it to launch its HPDI 2.0 product with the largest Chinese and global engine manufacturer into the largest heavy-duty truck market. For now, he raised his estimates and price target to reflect the minimum commitments, though he thinks the commitment for 18,000 HPDI engines through 2023 is a low hurdle. Brown raised his price target on Westport shares to $6 from $5 and keeps a Buy rating on the shares.
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