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Fly News Breaks for April 29, 2019
Apr 29, 2019 | 14:04 EDT
Roth Capital analyst Justin Clare raised his price target for Broadwind Energy to $2.75 from $2.50 citing the company's better than expected Q1 results. The analyst sees further share upside on a "continued ramp in tower demand and attractive profitability in the Gearing segment." He reiterates a Buy rating on Broadwind Energy.The new tower order announcements could serve as catalysts to drive shares, Clare tells investors in a post-earnings research note.
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