BMO Capital Maintains Underperform on Ballard Power Systems, Lowers Price Target to $3
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Ameet Thakkar has maintained an Underperform rating on Ballard Power Systems (NASDAQ:BLDP) and lowered the price target from $3.25 to $3.
March 12, 2024 | 3:14 pm
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BMO Capital maintains an Underperform rating on Ballard Power Systems and lowers the price target from $3.25 to $3.
The reduction in price target by BMO Capital, along with the maintenance of an Underperform rating, suggests a negative outlook on Ballard Power Systems' stock. This could lead to a decrease in investor confidence and potentially lower stock prices in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100