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Company News

BUZZ-Westport Fuel: Gains after Q1 loss narrows

** U.S.-listed shares of Canadian auto parts maker rise ~15% to $1.92 in premarket trading

** Co says Q1 rev rose 15% to $73.2 mln

** Q1 loss narrowed to 2 cents/shr vs 10 cents/shr a year earlier

** Cowen and Co raises PT to $2.50 from $2, saying that the brokerage is “incrementally more positive” after Q1 performance

** Reiteration of 2019 revenue forecast is conservative considering a strong Q1 - Cowen & Co

** Stock up ~24% YTD (Reporting by Debroop Roy in Bengaluru)

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