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Fly News Breaks for September 10, 2019
TPIC
Sep 10, 2019 | 07:26 EDT
JMP Securities analyst Joseph Osha lowered his price target on TPI Composites to $25, saying the 46% decline in its stock since February peak reflects the "multiple challenges" faced by the company around the "perpetual" transition in the "new reality" for manufacturing. The analyst still keeps his Outperform rating on the stock however, stating that the management has reset the bar for next year while its longer-term outlook is now "more conservative".
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