Scotiabank Maintains Sector Perform on Ballard Power Systems, Lowers Price Target to $6
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Justin Strong maintains a Sector Perform rating on Ballard Power Systems (NASDAQ:BLDP) and lowers the price target from $6.75 to $6.
June 15, 2023 | 4:00 pm
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NEUTRAL IMPACT
Scotiabank maintains a Sector Perform rating on Ballard Power Systems and lowers the price target from $6.75 to $6.
Scotiabank's lowered price target for Ballard Power Systems may cause some short-term uncertainty among investors, but the maintained Sector Perform rating suggests that the stock's overall performance is expected to remain in line with the industry. The impact on the stock price is likely to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100