BUZZ -Ballard Power Systems Inc: Jennings Capital starts with "buy"

Wed Jun 18, 2014 10:31am EDT
 
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** Canadian fuel cell maker's U.S.-listed shares up 6.5 percent at $3.79

** Jennings Capital initiates coverage on stock with "buy" and price target of $40

** Analysts say Ballard's recent patent acquisitions from United Technologies Corp would help it focus better on auto sector and strengthen its position as preferred engineering partner