Credit Suisse analyst Maheep Mandloi downgrades Azure Power Global (NYSE:AZRE) from Outperform to Underperform and lowers the price target from $22 to $5.
There is likely to be “continued downside” to polyethylene prices in the U.S., with an estimated decline of 10 cents per pound in the third quarter and 5 cents per pound in the fourth quarter, according to KeyBanc Capital Markets.