Blink Charging price target lowered to $1 from $2 at Stifel

Stifel analyst Stephen Gengaro lowered the firm’s price target on Blink Charging (BLNK) to $1 from $2 and keeps a Hold rating on the shares after the company delivered weaker-than-anticipated Q1 results. Despite the “underwhelming results,” the service segment continues to improve and the company seems to be making solid progress on the cost front, the analyst tells investors.