EVgo price target lowered to $8 from $10 at Stifel

Stifel lowered the firm’s price target on EVgo (EVGO) to $8 from $10 and keeps a Buy rating on the shares following the Q4 report. The firm cites a slower ramp for charger deployments amid concerns around the Department of Energy loan status under the current Trump administration and potential difficulties in accessing funding for the target cut. However, EVgo remains Stife’s favorite pure-play charging name.