J.P. Morgan Reiterates Hold On Broadwind Energy (BWEN)

J.P. Morgan is out with its report on Broadwind Energy BWEN, maintaining its Hold rating.

"Yesterday, Broadwind announced it had sold its Badger Transport operation, as it was no longer considered a core business for the company," writes J.P. Morgan. "This sale removes a money losing business and incrementally helps the company's balance sheet. Overall, we think the transaction is positive for the company's longer term prospects."

Shares of BWEN closed Monday at $1.35.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorAnalyst RatingsBroadwind EnergyJP Morgan
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!