Stifel Maintains Buy on Wallbox, Lowers Price Target to $3
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Stephen Gengaro maintains a Buy rating on Wallbox (NYSE:WBX) but lowers the price target from $4 to $3.

August 12, 2024 | 12:36 pm
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NEUTRAL IMPACT
Stifel analyst Stephen Gengaro maintains a Buy rating on Wallbox but lowers the price target from $4 to $3.
The Buy rating suggests continued confidence in Wallbox'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