Credit Suisse downgrades EVgo to neutral from outperform Credit Suisse downgraded the electric vehicle charging provider mainly on valuation. "Raise TP to $17, but downgrade to Neutral as recent stock rally appears to have priced in the benefits of the infrastructure bill and expanded partnerships with GM and Uber. … EVgo is an industry leader that builds, owns, and operates fast chargers for Electric Vehicles (EVs) in the United States." UBS downgrades Tencent Music Entertainment to neutral from buy UBS said in its downgrade of the Chinese music streaming company that it sees slowing growth. "We downgrade TME from Buy to Neutral, as we expect its revenue growth to slow down to single digit for the next few years (vs. low-teen in our previous estimates). While TME is below its historical average, we see limited catalysts to drive a re-rating."