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Fly News Breaks for January 15, 2019
WPRT
Jan 15, 2019 | 10:47 EDT
After Westport Fuel Systems announced the appointment of David Johnson as CEO to replace Nancy Gougarty, who is retiring, H.C. Wainwright analyst Amit Dayal called the news "unexpected" but said he believes the company decided to act on the availability of Johnson, who is an auto industry veteran with a mechanical engineering background. Dayal does not expect any significant strategic changes under the new leadership and maintains his 2018 revenue and gross margin expectations. He keeps a Buy rating and $6 price target on Westport shares.
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