Roth MKM Downgrades TPI Composites to Neutral, Lowers Price Target to $10
Portfolio Pulse from richadhand@benzinga.com
Roth MKM analyst Philip Shen has downgraded TPI Composites (NASDAQ:TPIC) from Buy to Neutral and lowered the price target from $15 to $10.
July 27, 2023 | 9:56 am
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NEGATIVE IMPACT
TPI Composites has been downgraded to Neutral from Buy by Roth MKM, with a lowered price target of $10.
The downgrade from Buy to Neutral by Roth MKM indicates a less optimistic outlook for TPI Composites. The lowered price target from $15 to $10 suggests that the analyst believes the stock is overvalued at current levels. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100