Worksport initiated with a Buy at H.C. Wainwright

H.C. Wainwright analyst Scott Buck initiated coverage of Worksport (WKSP) with a Buy rating and $1.50 price target The company designs, manufacturers, and distributes automotive aftermarket parts, primarily tonneau covers for small and medium size pickup trucks, the analyst tells investors in a research note. The firm says elevated levels of revenue growth should accelerate Worksport’s timeline to profitability and positive cash flow from operations to potentially this year, “an important inflection point in the business.”