Blink Charging price target lowered to $2 from $3.50 at Stifel

Stifel lowered the firm’s price target on Blink Charging (BLNK) to $2 from $3.50 and keeps a Hold rating on the shares. Blink delivered Q4 revenue close to the consensus and continues to make “solid progress on the cost front,” but industry headwinds remain and the timing of reaching EBITDA breakeven is still unclear, the analyst tells investors.