Cantor Fitzgerald Downgrades EVgo to Neutral, Announces $5 Price Target
Portfolio Pulse from Benzinga Newsdesk
Cantor Fitzgerald analyst Andres Sheppard downgraded EVgo (NASDAQ:EVGO) from Overweight to Neutral and set a price target of $5.

March 07, 2024 | 3:52 pm
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Cantor Fitzgerald downgraded EVgo to Neutral and set a $5 price target.
Analyst downgrades typically lead to a negative short-term reaction in the stock price as they suggest a less optimistic outlook on the company's future performance. The setting of a $5 price target, depending on the current stock price, could imply a downside, further influencing a negative short-term impact.
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