Broadwind price target lowered to $5 from $6 at Craig-Hallum

Craig-Hallum lowered the firm’s price target on Broadwind to $5 from $6 and keeps a Buy rating on the shares after the company reported “mixed” Q4 results. While the 2024 wind outlook remains uncertain, as does the timing of orders for business in 2025 and beyond, the firm thinks investor focus will “eventually” turn to the 2025 outlook, which it says is “widely seen as an inflection point” for the industry.