HSBC downgraded Xinjiang Goldwind to Hold from Buy with a price target of HK$5.50, down from HK$9.70. The operating environment for wind turbine manufacturing is increasingly difficult, with risks to demand and installations, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>