Independent Research Announces Speculative Buy with Valuation on Westport Innovation Inc. (NASDAQ: WPRT) Issued by BrokerBank Securities, Inc.

NEW YORK, Feb. 12, 2015 /PRNewswire/ -- On December 2, 2014 Westport Innovation announced that it had acquired Netherlands-based Prins Autogassystemen Holding B.V. (Prins) for Euro 12.2 million through a combination of Euro 6.6 million in assumed liabilities and Euro 5.6 million in cash.

The acquisition is a significant opportunity for Westport to scale, innovate and derive sales and operations synergies from the combined business.

In addition, Westport Innovation revenues are historically correlated to the price of oil and have declined along with lower oil prices which now may be at the bottom of a U shaped recovery. The current valuation could provide an opportunity for substantial share price appreciation over the next 18 months.

A $7.00 near term price target and an 18 month $10-$12 price target with a "Speculative Buy" rating has been given by Independent Research for Westport Innovation Inc. WPRT and issued by Small Cap IR. The current price of WPRT is $5.98 as of February 9, 2015.

An analyst report on WPRT that includes a company overview, market and competition breakdown, recent events, outlook, analyst summary, valuation, and recommendation can be viewed by using the following link at no cost:

http://bit.ly/-WPRT--AnalystReport

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SOURCE BrokerBank Securities, Inc.