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EVgo price target lowered to $7 from $7.50 at Stifel

Stifel analyst Stephen Gengaro lowered the firm’s price target on EVgo (EVGO) to $7 from $7.50 and keeps a Buy rating on the shares. The firm, which adjusted estimates after Q4 results, reiterates a belief that EVgo is “the best pure-play EV charging company that is well positioned for strong medium- to long-term growth.”

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