HSBC Maintains Buy on Ballard Power Systems, Lowers Price Target to $4.1
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Samantha Hoh maintains a Buy rating on Ballard Power Systems (NASDAQ:BLDP) but lowers the price target from $4.5 to $4.1.

March 12, 2024 | 12:04 pm
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NEUTRAL IMPACT
HSBC maintains a Buy rating on Ballard Power Systems but lowers the price target from $4.5 to $4.1.
While the reduction in price target could suggest a slightly less optimistic view on the stock's value, the maintenance of a Buy rating indicates a continued positive outlook on Ballard Power Systems' fundamentals and market position. The mixed signals could lead to a neutral short-term impact on the stock price as investors weigh the lowered price target against the reaffirmed confidence in the company's prospects.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100