H.C. Wainwright analyst Amit Dayal lowered the firm’s price target on Broadwind to $8 from $12 and keeps a Buy rating on the shares post the Q3 report. The analyst cites reduced revenue and adjusted EBITDA expectations for 2024 for the target drop. However, the firm believes the recent project cancellations seen in offshore wind projects should not have any bearing on the company’s pipeline and overall near-term strategy.
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