Broadwind price target lowered to $4 from $5 at Craig-Hallum

Craig-Hallum analyst Eric Stine lowered the firm’s price target on Broadwind to $4 from $5 and keeps a Buy rating on the shares following the “mixed” Q2 report. Broadwind continues to execute on its plan to diversify its business to add to Wind while driving profitability, the analyst tells investors in a research note. The firm finds it noteworthy that the company thinks the trough in onshore wind market demand is mostly in the past and is seeing an improved outlook from its customers.