November 15, 2017 / 5:03 PM / a year ago

BUZZ-Westport Fuel Systems Inc: Brokerages raise PTs on strong Q3

** Canadian auto parts maker’s U.S.-listed shares up 17 pct at $3.51

** Q3 revenue beats expectations, loss smaller than expected

** Cowen and Oppenheimer raise PT to $3.50, from $2 and $3; they cite lower expenses and higher expected demand driven by emission reduction mandates in EU and U.S.

** Canadian shares up 14 pct at C$4.44

** 3 of 4 brokerages rate the U.S. stock “buy” or higher and 1 “hold”; median PT $4.35

** Up to Tuesday’s close, stock had risen 151 pct this year (Reporting by Karan Nagarkatti)

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