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Ballard Power price target lowered to $2 from $2.50 at Raymond James

Raymond James lowered the firm’s price target on Ballard Power (BLDP) to $2 from $2.50 and keeps a Market Perform rating on the shares. The company reported Q4 that tracked slightly above expectations, with the stationary and marine vertical outperforming, offset by lackluster sales in truck and emerging markets, the analyst tells investors in a research note. The firm updated its model post the report.

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