Citigroup Maintains Neutral Rating for EVgo: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Citigroup has maintained its Neutral rating for EVgo (NASDAQ:EVGO) and lowered its price target from $6.20 to $5.10. Shares of EVgo are currently trading at $4.35, down 0.85% over the last 24 hours.
June 20, 2023 | 5:02 pm
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NEUTRAL IMPACT
Citigroup maintains Neutral rating for EVgo and lowers price target from $6.20 to $5.10. Shares are trading down 0.85% at $4.35.
Citigroup's decision to maintain a Neutral rating for EVgo indicates that the stock is not expected to outperform or underperform the market in the short term. The lowered price target from $6.20 to $5.10 suggests a potential upside of 17.17% from the current share price, but the stock's recent 0.85% decline indicates that investors may be cautious. The Neutral rating and lowered price target are likely to have a neutral impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100