Stifel Maintains Buy on EVgo, Lowers Price Target to $6
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Stephen Gengaro maintains a Buy rating on EVgo (NASDAQ:EVGO) but lowers the price target from $7 to $6.

August 06, 2024 | 11:27 am
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Stifel analyst Stephen Gengaro maintains a Buy rating on EVgo but lowers the price target from $7 to $6.
The Buy rating suggests continued confidence in EVgo's long-term prospects, but the lowered price target indicates some short-term concerns or adjustments in valuation. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100