Broadwind price target lowered to $6 from $9 at Craig-Hallum

Craig-Hallum lowered the firm’s price target on Broadwind to $6 from $9 and keeps a Buy rating on the shares. The company reported a “solid” earnings beat in Q3 and reiterated its fiscal 2023 revenue and EBITDA guidance, the analyst tells investors in a research note. The firm feels the guidance “most likely proves conservative” but says the Abilene timing shift “takes the wind out of its 2024 sales.”