Wells Fargo Maintains Underweight on Ballard Power Systems, Lowers Price Target to $3
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Praneeth Satish has maintained an Underweight rating on Ballard Power Systems (NASDAQ:BLDP) and lowered the price target from $3.5 to $3.
May 09, 2024 | 3:56 pm
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Wells Fargo has maintained an Underweight rating on Ballard Power Systems and reduced the price target from $3.5 to $3.
The reduction in price target by a significant financial institution like Wells Fargo, accompanied by an Underweight rating, suggests a bearish outlook on the 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