HC Wainwright & Co. Maintains Buy on Westport Fuel Systems, Lowers Price Target to $22
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. analyst Amit Dayal maintains a Buy rating on Westport Fuel Systems (WPRT) but lowers the price target from $30 to $22.

May 10, 2024 | 6:43 pm
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NEUTRAL IMPACT
HC Wainwright & Co. maintains a Buy rating on Westport Fuel Systems but reduces the price target from $30 to $22.
While the maintenance of a Buy rating suggests continued confidence in the company's fundamentals, the reduction in the price target could indicate a reassessment of the company's near-term growth prospects or market conditions. This mixed signal might lead to short-term volatility in WPRT's stock price as investors digest the implications of the lowered price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100