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Fly News Breaks for May 4, 2017
BLDP
May 4, 2017 | 08:42 EDT
Roth Capital analyst Craig Irwin downgraded Ballard Power to Neutral from Buy, with a $3 price target, on valuation, as he believes its equity appropriately discounts upcoming catalysts from Broad-Ocean and Synergy and a particularly positive 2017 outlook. While the analyst is moving to the sidelines following the healthy appreciation in Ballard Power common stock since the beginning of 2016, he remains positive on the company's long-term outlook.
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