Rodman & Renshaw Lowers PT on PowerSecure International to $8

Rodman & Renshaw is out with its report today on PowerSecure International

, lowering its PT from $12 to $8. In its report, Rodman & Renshaw writes, "We've shifted our expectations for margin growth at a now lower pace, and have lowered our estimates to reflect such. We continue to rate the stock Market outperform but are adjusting our target price to $8 from $12 based on our new numbers." Shares of POWR closed Thursday at $5.73.