TD Cowen downgraded ChargePoint to Hold from Buy with a price target of $2, down from $3, following the Q2 report and job cut announcement. The stock in midday trading is down 18% to $1.39. The electric vehicle “recession” continues to weigh on the company’s results, the analyst tells investors in a research note. The firm says that while management notes green shoots are emerging suggesting a bottom, it is hard to envision a near-term reacceleration in the company’s growth
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- ChargePoint downgraded to Hold from Buy at TD Cowen
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