Ballard Power Systems shares are trading lower after BMO Capital downgraded the stock from Market Perform to Underperform and lowered its price target from $4.5 to $4.25.
Portfolio Pulse from Benzinga Newsdesk
Ballard Power Systems' stock was downgraded by BMO Capital from Market Perform to Underperform, with a reduced price target from $4.5 to $4.25.
June 14, 2023 | 5:28 pm
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NEGATIVE IMPACT
BMO Capital downgraded Ballard Power Systems and lowered its price target, potentially impacting the stock negatively.
The downgrade by BMO Capital from Market Perform to Underperform and the reduction in price target from $4.5 to $4.25 indicate a negative outlook for Ballard Power Systems. This may lead to a short-term negative impact on the stock price as investors react to the revised analyst rating and price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100