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

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Westport Innovations: How Good Is Getting In The Way Of Great (Seeking Alpha)

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

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

View More Analyst Ratings for WPRT
View the Latest Analyst Ratings

Posted-In: National Bank FinancialAnalyst Color Price Target Analyst Ratings


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