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Fly News Breaks for August 20, 2019
TPIC
Aug 20, 2019 | 07:35 EDT
Raymond James analyst Pavel Molchanov upgraded TPI Composites to Strong Buy from Outperform, telling investors in a research note that opportunities in the heavy-duty EV market remain underappreciated and provide essentially free optionality vis-a-vis future catalysts. Though TPI is down 29% year-to-date, due to the August 7 cut in EBITDA guidance for 2020, Molchanov contends that the the stock's re-rating to its lowest-ever EBITDA multiple indicates that the margin risk is fully priced in.
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