Citi analyst Itay Michaeli lowered the firm’s price target on EVgo to $3 from $3.50 and keeps a Neutral rating on the shares. The analyst updated the company’s model for the recent quarterly results and Citi’s latest electric vehicle industry volume estimates.
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Read More on EVGO:
- EVgo downgraded at Cantor Fitzgerald on slowdowns in EV production
- EVgo downgraded to Neutral from Overweight at Cantor Fitzgerald
- EVgo price target lowered to $8 from $9 at Evercore ISI
- EVgo upgraded to Outperform from Sector Perform at RBC Capital
- EVgo sees FY24 revenue $220M-$270M, consensus $260.86M