Shimmick (SHIM) Issues Going Concern Warning if Unable to Secure Financing

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Shimmick Corp (SHIM) PT Lowered to $3.50 at Roth/MKM

May 14, 2024 7:40 AM EDT

Roth/MKM analyst Gerry Sweeney lowered the price target on Shimmick Corp (NASDAQ: SHIM) to $3.50 (from $9.00) while maintaining a Neutral rating.

The analyst comments "We downgrade SHIM to Neutral and reduce our target to $3.50. SHIMs 1Q results were significantly below projections. Further,... More