Wallbox price target lowered to $1.50 from $3.25 at Canaccord

Canaccord analyst George Gianarikas lowered the firm’s price target on Wallbox (WBX) to $1.50 from $3.25 and keeps a Buy rating on the shares. The firm said they posted a pretty big miss, but it shouldn’t come as too much of a surprise given all the auto/EV weakness in Europe.