Citigroup Maintains Neutral on EVgo, Lowers Price Target to $3.5
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Itay Michaeli has maintained a Neutral rating on EVgo (NASDAQ:EVGO) but has reduced the price target from $5.25 to $3.5.
December 08, 2023 | 11:37 am
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NEGATIVE IMPACT
Citigroup has maintained a Neutral rating on EVgo but lowered the price target from $5.25 to $3.5, potentially impacting investor expectations and stock performance.
The reduction in price target by a major analyst like Citigroup can lead to a negative investor sentiment in the short term, potentially causing a decrease in EVgo's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100