2021-01-22 08:58:40 WPRT Westport
01/22/21 01/2208:58 01/22/2108:58 | Westport price target raised to $13 from $4 at Lake StreetLake Street analyst Robert Brown raised the firm's price target on Westport Fuel Systems to $13 from $4 as he expect shares to be awarded a premium multiple to reflect Westport's unique technology position and what he sees as "the call option potential of the large addressable markets" as transportation transitions to low- and zero-emissions vehicles. Brown, who reiterates his Buy rating on the shares, is optimistic full certification of two vehicles using the Weichai HPDI engine in China can happen in early 2021, he tells investors. | |
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