TD Cowen lowered the firm’s price target on TPI Composites (TPIC) to $5 from $6 and keeps a Buy rating on the shares. The firm noted the company forecasts profitability recovery and EBITDA improvement in 2025 rebounding from non-recurring 2024 challenges. Uncertainties for 2025 stem from potential tariffs on Mexico and continued competitive pressure in Europe from Chinese imports.
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