Stifel lowered the firm’s price target on Blink Charging to $4 from $8 and keeps a Hold rating on the shares. While the firm believes Blink is “headed in the right direction since Brendon Jones took over as CEO in May,” it remains on the sidelines as it awaits a bit more clarity on EV sales traction, NEVI funding, and Blink’s path to positive EBITDA, the analyst tells investors.
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