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UPDATE: National Bank Financial Reiterates Underperform Rating, Lowers PT on Westport Innovations

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In a report published Friday, National Bank Financial reiterated its Underperform rating on Westport Innovations (NASDAQ: WPRT), but lowered its price target from $18.00 to $16.00.

National Bank Financial noted, “WPRT continues to roll out new development partnerships from all corners of the global engine market, most recently with Tata. It is likely that there will be more partnerships to come. Although we model aggressive growth assumptions, some of these relationships may not generate future profits...With our aggressive growth assumptions, valuation remains challenging. There are many moving parts and losses could continue for a few years.”

Westport Innovations closed on Thursday at $23.57.

Latest Ratings for WPRT

DateFirmActionFromTo
May 2015JefferiesMaintainsHold
Apr 2015Cowen & CompanyInitiates Coverage onMarket Perform
Mar 2015Deutsche BankMaintainsHold

View More Analyst Ratings for WPRT
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Posted-In: National Bank FinancialAnalyst Color Price Target Analyst Ratings

 

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