UBS analyst Jon Windham lowered the firm’s price target on Wallbox (WBX) to $6 from $8 and keeps a Neutral rating on the shares. Wallbox reported Q2 results that were in-line with guidance ranges provided in May, the analyst tells investors in a research note. The firm’s key concerns are the ongoing cash burn and says it awaits further progress toward profitability and positive free cash flow generation.
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