B. Riley Securities Maintains Neutral Rating for Blink Charging: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
B. Riley Securities has maintained its Neutral rating for Blink Charging (NASDAQ:BLNK) but lowered its price target from $8.00 to $7.00. Shares of Blink Charging are currently trading down 4.75% at $6.21 per share. A move to $7.00 would account for a 12.72% increase from the current share price.
July 20, 2023 | 5:01 pm
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B. Riley Securities has maintained its Neutral rating for Blink Charging but lowered its price target. This could potentially lead to a short-term decrease in the stock price.
The lowering of the price target by B. Riley Securities indicates a less optimistic outlook for the stock, which could potentially lead to a decrease in the stock price in the short term. However, the maintenance of the Neutral rating suggests that the overall outlook for the stock remains stable.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100