Blink Charging price target lowered to $12 from $25 at Roth MKM

Roth MKM lowered the firm’s price target on Blink Charging to $12 from $25 and keeps a Buy rating on the shares. The company reported a “solid” Q4 with gross margins coming in-line, excluding items, and reflected a similar mix of lower-margin DCFC hardware sales, the analyst tells investors in a research note. The firm adds however that its price target cut reflects dilution and lower growth company multiples.