- Ballard Power Systems Inc BLDP price target lowered to $11 (an upside of 4%) from $13 by Citi analyst P.J. Juvekar following the company's Q4 results.
- The analyst maintained his Neutral rating on BLDP's shares.
- Susquehanna analyst Biju Perincheril maintained his Neutral rating on Ballard Power shares with a price target of $11.
- Perincheril notes the company aims to proactively deploying funds to help its future growth initiatives, which could weigh on its near-term results.
- Yesterday, National Bank analyst Rupert Merer lowered the price target on Ballard Power to $14 from $20 and maintained his Outperform rating on the shares.
- Price Action: BLDP shares are trading higher by 3.4% at $10.63 on the last check Wednesday.
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