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Coverage of Westport Innovations (WPRT -3.2%) is launched at Lake Street Capital with a Buy...
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Tuesday, January 8, 2:29 PM ETCoverage of Westport Innovations (WPRT -3.2%) is launched at Lake Street Capital with a Buy rating and $54 price target, suggesting a near double from current levels. The firm says partnerships with engine OEMs such as Cummins, Volvo, Weichai and Caterpillar, its technology advantage with HPDI, and a new engine launching in 2013, position WPRT to benefit from the shift to natural gas from diesel fuel.
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