Craig-Hallum Downgrades TPI Composites to Hold, Lowers Price Target to $11
Portfolio Pulse from richadhand@benzinga.com
Craig-Hallum analyst Eric Stine has downgraded TPI Composites (NASDAQ:TPIC) from Buy to Hold and lowered the price target from $15 to $11.
July 27, 2023 | 11:58 am
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TPI Composites has been downgraded from Buy to Hold by Craig-Hallum, with a lowered price target from $15 to $11.
The downgrade from Buy to Hold by Craig-Hallum indicates a less optimistic outlook for TPI Composites. The lowered price target from $15 to $11 also suggests that the analyst believes the stock is overvalued at its current price. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100