UBS lowered the firm’s price target on Wallbox (WBX) to $3 from $4 and keeps a Neutral rating on the shares. The firm updated its estimates following the Q4 earnings report.
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Read More on WBX:
- Neutral Rating Maintained as Weaker Near-Term Outlook Offsets Long-Term Margin Improvement Potential
- Wallbox Secures Agreement on Comprehensive Debt and Equity Restructuring
- Wallbox to implement comprehensive restructuring plan
- Wallbox Faces NYSE Listing Deficiency, Plans Capital Structure Overhaul
- Wallbox receives NYSE notice of non-compliance
