JP Morgan Upgrades EVgo to Overweight, Announces $7 Price Target
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Bill Peterson has upgraded EVgo (NASDAQ:EVGO) from Neutral to Overweight, setting a price target of $7.
October 03, 2024 | 1:57 pm
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POSITIVE IMPACT
JP Morgan has upgraded EVgo to Overweight with a $7 price target, indicating a positive outlook on the stock.
The upgrade from Neutral to Overweight by a major financial institution like JP Morgan suggests increased confidence in EVgo's future performance. The $7 price target indicates potential upside, likely leading to positive investor sentiment and a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100