UPDATE: Jefferies Lowers Price Target on American Superconductor to $4

According to Jefferies, American Superconductor

price target is lowered to $4. Jefferies said that AMSC held their conference call on Friday after releasing their long-awaited restated financials. “We reiterate our Underperform rating and lower our PT to $4.” American Superconductor Group closed on Friday at $5.08.