Ballard Power Systems Price Target Raised to US$5.25 at ATB

MT Newswires Live07-02

ATB Cormark Capital Markets raised its price target on Ballard Power Systems Inc. (BLDP.TO, BLDP) to US$5.25 from US$4.30 on Thursday.

Analyst MacMurray Whale maintained a Sector Perform rating on shares of the Burnaby, BC-based developer and manufacturer of proton exchange membrane fuel cell products.

On June 23, Ballard announced the acquisition of GeoPura, a zero-emission hydrogen-based power solutions provider.

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