Westport Innovations (WPRT -3%) bows to market pressure today, ignoring Deutsche's initiation of...

|About: Westport Fuel Systems, Inc. (WPRT)|By:, SA News Editor

Westport Innovations (WPRT -3%) bows to market pressure today, ignoring Deutsche's initiation of the the shares with a Buy rating and $38 target price. Deutsche says the natural gas vehicle market has reached an inflection point as infrastructure bottlenecks have been eliminated the technology garners greater interest. Additionally, HPDI engine prices are down 25% from a year ago, which should spur buyers and give a boost to sales, and the company has multiple new products set to debut next year.