ChargePoint (CHPT) Upgraded by J.P. Morgan by James R. Wigen of Independent Financial Management

ChargePoint Upgraded by J.P. Morgan. Stock’s Pullback Could Be a Good Entry Point

Analyst Bill Peterson upgraded the stock to Overweight from Neutral. He also lowered his price target to $20 from $26 to take into account a higher discount rate and to apply a multiple that’s more in line with high-growth clean-tech stocks.

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