ChargePoint price target lowered to $14 from $15.50 at Citi

Citi analyst Itay Michaeli lowered the firm’s price target on ChargePoint to $14 from $15.50 and keeps a Neutral rating on the shares. The analyst refreshed his model ahead of the fiscal Q3 results. Given the current macro and competitive environment, Michaeli modestly reduced his out-year revenue and gross margin estimates. The stock setup "appears fairly balanced," Michaeli tells investors in a research note.