Raymond James Maintains Market Perform on Ballard Power Systems, Lowers Price Target to $4
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Michael Glen has maintained a 'Market Perform' rating on Ballard Power Systems (NASDAQ:BLDP) and lowered the price target from $4.5 to $4.

March 13, 2024 | 4:20 pm
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Raymond James has maintained a 'Market Perform' rating on Ballard Power Systems and reduced the price target from $4.5 to $4.
The reduction in price target by Raymond James suggests a bearish outlook on Ballard Power Systems' short-term price potential, likely due to perceived challenges or slower growth. This could lead to negative sentiment among investors, potentially impacting the stock's short-term performance negatively.
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IMPORTANCE 75
RELEVANCE 100