HC Wainwright & Co. Maintains Buy on Blink Charging, Lowers Price Target to $15
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. analyst Sameer Joshi maintains a Buy rating on Blink Charging (BLNK) but lowers the price target from $25 to $15.
March 18, 2024 | 10:38 am
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Blink Charging's price target was reduced from $25 to $15 by HC Wainwright & Co., although the Buy rating was maintained.
While the reduction in the price target from $25 to $15 could be seen as a negative signal regarding the company's short-term prospects, the maintenance of a Buy rating suggests that the analyst still sees long-term value in the company. This mixed signal could lead to short-term uncertainty among investors, but the overall positive outlook might prevent a significant negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100