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

Craig-Hallum lowered the firm’s price target on Broadwind to $4 from $5 and keeps a Buy rating on the shares. The firm notes Broadwind continues to execute on its plan to diversify its business to add to Wind, while driving profitability and still being positioned for when the inevitable wind market pickup takes hold. This was again demonstrated in mixed Q2 results and Q3 guidance, and orders/backlog down quarter-over-quarter, Craig-Hallum adds.