CIBC Downgrades Ballard Power Systems to Underperformer, Lowers Price Target to $1.6
Portfolio Pulse from Benzinga Newsdesk
CIBC analyst Hamir Patel has downgraded Ballard Power Systems (NASDAQ:BLDP) from Neutral to Underperformer and lowered the price target from $3.5 to $1.6.
August 13, 2024 | 5:12 pm
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NEGATIVE IMPACT
CIBC analyst Hamir Patel downgraded Ballard Power Systems from Neutral to Underperformer and lowered the price target from $3.5 to $1.6.
The downgrade from Neutral to Underperformer and the significant reduction in the price target from $3.5 to $1.6 by CIBC is likely to negatively impact investor sentiment and the stock price of Ballard Power Systems in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100