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Fly News Breaks for February 11, 2020
TPIC
Feb 11, 2020 | 07:26 EDT
JPMorgan analyst Paul Coster downgraded TPI Composites to Neutral from Overweight with an unchanged price target of $24. The analyst cites valuation for the downgrade with the shares up 30% year-to-date. The stock looks close to fair value and TPI faces potential disruption to its China-based operations in the very near-term owing to the coronavirus outbreak, Coster tells investors in a research note. Further, he believes traditional wind investors are likely to be skeptical of the company's prospects as we close in on 2021.
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