B. Riley Securities Downgrades Ballard Power Systems to Neutral, Lowers Price Target to $4
Portfolio Pulse from richadhand@benzinga.com
B. Riley Securities analyst Christopher Souther downgraded Ballard Power Systems (NASDAQ:BLDP) from Buy to Neutral and lowered the price target from $6 to $4.
June 27, 2023 | 12:34 pm
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NEGATIVE IMPACT
Ballard Power Systems downgraded to Neutral by B. Riley Securities, with a lowered price target of $4.
The downgrade from Buy to Neutral and the lowering of the price target from $6 to $4 by B. Riley Securities analyst Christopher Souther indicates a less optimistic outlook for Ballard Power Systems. This could lead to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100