Blink Charging price target lowered to $1 from $2 at B. Riley

B. Riley lowered the firm’s price target on Blink Charging (BLNK) to $1 from $2 and keeps a Neutral rating on the shares as part of an earnings preview. With electric vehicle sentiment already negative as Republicans target EV incentives, including the $7,500 federal tax credit for EV purchases, the administration’s tariff actions have increased uncertainty for the automotive industry broadly, the analyst tells investors in a research note. The firm says the volatile macro backdrop likely presents a headwind for the company’s profitability targets.