Craig-Hallum lowered the firm’s price target on Ameresco to $40 from $73 and keeps a Buy rating on the shares. Ameresco continues to experience order and backlog momentum, but a host of market challenges resulted in Q3 results below Street expectations, the firm notes. The company also lowered its FY23 guidance and its EBITDA view for 2024.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on AMRC:
- Ameresco price target lowered to $50 from $81 at Canaccord
- William Blair downgrades Ameresco on ‘significant near-term hurdles’
- Ameresco price target lowered to $30 from $50 at Baird
- Ameresco downgraded to Market Perform from Outperform at William Blair
- Ameresco downgraded to Perform from Outperform at Oppenheimer
