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Fly News Breaks for May 10, 2019
WPRT
May 10, 2019 | 07:45 EDT
Lake Street analyst Robert Brown upgraded Westport Fuel Systems to Buy from Hold with an unchanged price target of $5. The strength in the HPDI ramp with Volvo provides increased confidence that the management transition has gone smoothly, Brown tells investors in a research note. While the outcome of the FCPA investigation remains a risk, Westport's fundamentals appear to be improving and 2019 should be an inflection year, adds the analyst.
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