Analysts Downgrade Babcock & Wilcox as Debt and Tariffs Weigh on Outlook DA Davidson downgraded Babcock & Wilcox to Neutral, slashing its price target to $1, citing persistent negative cash flow, U.S. tariffs, and looming debt maturities. Recent earnings missed expectations, but revenue rose 15% year-over-year. The company is targeting higher EBITDA in 2025 amid refinancing efforts and sector growth.34