Truist Securities Maintains Hold on Ballard Power Systems, Lowers Price Target to $3.5
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Jordan Levy has maintained a Hold rating on Ballard Power Systems (NASDAQ:BLDP) but reduced the price target from $4 to $3.5.
November 13, 2023 | 6:08 pm
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Ballard Power Systems' price target has been lowered from $4 to $3.5 by Truist Securities, although the Hold rating is maintained.
The reduction in price target by Truist Securities suggests a less optimistic valuation of Ballard Power Systems, which could lead to negative investor sentiment and a potential decrease in the stock price in the short term.
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IMPORTANCE 75
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