RBC Capital Maintains Sector Perform on Westport Fuel Systems, Lowers Price Target to $12
Portfolio Pulse from jenniferd'souza@benzinga.com
RBC Capital analyst Chris Dendrinos has maintained a 'Sector Perform' rating on Westport Fuel Systems (NASDAQ:WPRT) but lowered the price target from $15 to $12.
August 10, 2023 | 1:20 pm
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NEGATIVE IMPACT
Westport Fuel Systems' price target has been lowered from $15 to $12 by RBC Capital, though the 'Sector Perform' rating is maintained.
The lowering of the price target by RBC Capital indicates a potential decrease in the stock's value in the short term. However, the maintenance of the 'Sector Perform' rating suggests that the company is expected to perform on par with other companies in the sector, which may mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100