Benchmark Initiates Coverage On EVgo with Buy Rating, Announces Price Target of $3
Portfolio Pulse from Benzinga Newsdesk
Benchmark analyst Michael Legg initiates coverage on EVgo (NASDAQ:EVGO) with a Buy rating and sets a price target of $3.
June 05, 2024 | 12:06 pm
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POSITIVE IMPACT
Benchmark analyst Michael Legg has initiated coverage on EVgo with a Buy rating and a price target of $3. This positive analyst rating could boost investor confidence and potentially drive the stock price higher in the short term.
The initiation of coverage with a Buy rating and a specific price target of $3 by a reputable analyst can positively influence investor sentiment. This is likely to result in increased buying activity and a potential short-term rise in EVgo's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100