RBC Capital Downgrades ChargePoint Hldgs to Sector Perform, Lowers Price Target to $3
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Chris Dendrinos downgraded ChargePoint Holdings (CHPT) from Outperform to Sector Perform and reduced the price target from $3.5 to $3. This adjustment reflects a more cautious outlook on the company's stock.
March 06, 2024 | 2:48 pm
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ChargePoint Holdings was downgraded by RBC Capital from Outperform to Sector Perform, with a price target reduction from $3.5 to $3.
The downgrade by a major analyst like RBC Capital, coupled with a reduction in the price target, typically signals a bearish outlook on the stock. This can lead to a decrease in investor confidence and potentially result in a short-term decline in the stock price.
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