RBC Capital Maintains Sector Perform on Westport Fuel Systems, Lowers Price Target to $10
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Chris Dendrinos has maintained a 'Sector Perform' rating on Westport Fuel Systems (NASDAQ:WPRT) but reduced the price target from $12 to $10.
November 10, 2023 | 6:50 pm
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RBC Capital analyst has maintained the 'Sector Perform' rating on Westport Fuel Systems but lowered the price target from $12 to $10.
The reduction in price target by RBC Capital suggests a less optimistic outlook on the stock's value, which could lead to a negative short-term impact on the stock price. The maintenance of the 'Sector Perform' rating indicates that the company is expected to perform in line with the sector, which may not be enough to counteract the negative sentiment from the lowered price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100