BMO Capital Downgrades Ballard Power Systems to Underperform, Lowers Price Target to $4.25
Portfolio Pulse from richadhand@benzinga.com
BMO Capital analyst Ameet Thakkar downgrades Ballard Power Systems (NASDAQ:BLDP) from Market Perform to Underperform and lowers the price target from $4.5 to $4.25.
June 14, 2023 | 10:38 am
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Ballard Power Systems downgraded to Underperform by BMO Capital, with a lowered price target of $4.25.
The downgrade from Market Perform to Underperform and the lowering of the price target from $4.5 to $4.25 by BMO Capital analyst Ameet Thakkar indicates a negative outlook for Ballard Power Systems. This could lead to a short-term decline in the stock price as investors may react to the revised rating and price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100