Wallbox shares are trading lower after TD Cowen downgraded the stock from Outperform to Market Perform and announced a $4 price target. Also, Canaccord Genuity lowered its price target from $10 to $8.
Portfolio Pulse from Benzinga Newsdesk
TD Cowen has downgraded Wallbox's stock from Outperform to Market Perform and set a price target of $4. Canaccord Genuity also lowered its price target from $10 to $8. As a result, Wallbox shares are trading lower.
August 04, 2023 | 2:14 pm
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NEGATIVE IMPACT
Wallbox's stock has been downgraded by TD Cowen and Canaccord Genuity has lowered its price target, leading to a decrease in the stock's trading price.
The downgrade by TD Cowen and the reduction in price target by Canaccord Genuity are negative indicators for Wallbox's stock. This has led to a decrease in the stock's trading price, indicating a negative short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100