Stifel Downgrades Wallbox to Hold, Lowers Price Target to $1.5
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Stephen Gengaro has downgraded Wallbox (NYSE:WBX) from Buy to Hold and reduced the price target from $3 to $1.5.
October 30, 2024 | 1:09 pm
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Stifel analyst Stephen Gengaro downgraded Wallbox from Buy to Hold and lowered the price target from $3 to $1.5, indicating a less optimistic outlook.
The downgrade from Buy to Hold and the significant reduction in the price target from $3 to $1.5 by a reputable analyst suggests a negative short-term outlook for Wallbox. This could lead to a decrease in investor confidence and a potential drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100