Market Overview

UPDATE: Piper Jaffray Initiates Fuel System Solutions at Overweight on Natural Gas Breakout

Related FSYS
Fuel Systems Discloses Exchange Ratio For Merger With Westport Innovations
Earnings Scheduled For December 11, 2015

Piper Jaffray initiated coverage on Fuel System Solutions (NASDAQ: FSYS) with an Overweight rating and a $24 price target.

Piper Jaffray noted, "We believe 2013/2014 will represent a step change in the transition toward natural gas as a fuel for light commercial fleets, and FSYS is the cheapest way to invest in this theme. The company is not without its drawbacks: aftermarket ASP pressure and lumpy OEM orders make modeling a challenge, and 35%+ Europe exposure could also be a headwind. But we believe major North American OEM platforms - which are slated to ramp in Q4 - will drive estimates higher than consensus in 2013-2014 as light duty fleets steadily transition to CNG fuel."

Fuel System Solutions closed at $18.30 on Monday.

Latest Ratings for FSYS

Aug 2015Canaccord GenuityMaintainsHold
Jul 2015Craig-HallumUpgradesHoldBuy
Mar 2015Lake StreetUpgradesHoldBuy

View More Analyst Ratings for FSYS
View the Latest Analyst Ratings

Posted-In: Piper JaffrayAnalyst Color Initiation Intraday Update Analyst Ratings


Related Articles (FSYS)

View Comments and Join the Discussion!

Partner Center