Cowen Downgrades Blink Charging - Read Why - Blink Charging (NASDAQ:BLNK)

Cowen analyst Gabe Daoud downgraded Blink Charging Co BLNK to Market Perform from Outperform with a price target of $40, down from $41, implying a 5% upside.
The analyst cited valuation for the downgrade with the shares up 51% since the start of Q4.
Daoud said Blink remained well placed to benefit from industry tailwinds, but "plenty appears priced in" at current share levels.
Price Action: BLNK shares are trading lower by 11.9% at $37.93 on the last check Monday.