TD Cowen Downgrades EVgo to Market Perform, Lowers Price Target to $4
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Gabe Daoud has downgraded EVgo (NASDAQ:EVGO) from Outperform to Market Perform and lowered the price target from $6 to $4.
October 25, 2023 | 11:31 am
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NEGATIVE IMPACT
EVgo has been downgraded by TD Cowen from Outperform to Market Perform, with a lowered price target from $6 to $4.
The downgrade from TD Cowen, a reputable financial institution, could negatively impact investor sentiment towards EVgo. The lowered price target suggests that the analyst sees less upside potential in the stock, which could lead to selling pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100