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Westport Innovations Inc. Message Board

  • biztechnologies biztechnologies Nov 14, 2012 11:03 AM Flag

    This may be why iti s down (downgradd)

    Westport Innovations Price Target Lowered to $16.00 at National Bank (WPRT)

    Posted by Stuart Ham on Nov 13th, 2012 // No Comments

    Westport Innovations Inc. logoWestport Innovations (NASDAQ: WPRT) had its target price cut by National Bank from $18.00 to $16.00 in a research note issued to investors on Friday. The firm currently has an underperform rating on the stock.

    “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.,” National Bank’s analyst wrote.

    WPRT has been the subject of a number of other recent research reports. Analysts at Goldman Sachs initiated coverage on shares of Westport Innovations in a research note to investors on Wednesday, November 7th. They set a sell rating and a $21.00 price target on the stock. Separately, analysts at Mackie cut their price target on shares of Westport Innovations from $50.00 to $43.00 in a research note to investors on Wednesday, October 31st. They now have a buy rating on the stock. Finally, analysts at Pi Financial cut their price target on shares of Westport Innovations from $30.00 to $19.00 in a research note to investors on Wednesday, October 31st. They now have a sell rating on the stock.

    Shares of Westport Innovations traded up 3.81% during mid-day trading on Friday, hitting $27.54. Westport Innovations has a one year low of $21.93 and a one year high of $50.19. The company’s market cap is $1.510 billion.

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    • This is very suspicious...who the hell is National Bank. Are they even a Co?

      • 2 Replies to beeglebatty
      • From Westport's website. Don't trust any other `analysts'.

        Analyst Coverage
        United States

        Canaccord Genuity
        John Quealy :: Boston, Massachusetts

        Capstone Investments
        Carter Driscoll :: New York, New York

        CL King & Associates
        Gary Farber :: New York, New York

        Craig-Hallum Capital Group
        Eric Stine :: Minneapolis, Minnesota

        Goldman, Sachs & Co.
        Jerry Revich :: New York, New York

        J.P. Morgan
        Ann Duignan :: New York, New York

        JMP Securities
        Shawn Severson :: San Francisco, California

        Jefferies & Company
        Laurence Alexander :: New York, New York

        Lazard Capital Markets
        Graham Mattison :: New York, New York

        Macquarie Capital (USA)
        Matthew Blair :: Denver, Colorado

        Morgan Stanley
        Vance Edelson :: New York, New York

        Northland Capital Markets
        Tom Sepenzis :: San Francisco, California

        Piper Jaffray
        Alexander Potter :: Minneapolis, Minnesota

        Stifel, Nicolaus & Company
        Jeff Osborne :: San Francisco, California

      • NBHC National Bank Holding Corporation. They own full service banks. They want a price drop to get a cheap buy in for their clients.

        Sentiment: Hold

2.46-0.10(-3.91%)Apr 29 4:00 PMEDT