B of A Securities Maintains Buy on NIO, Lowers Price Target to $11
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Ming Hsun Lee maintains a Buy rating on NIO (NYSE:NIO) but lowers the price target from $12 to $11.
June 12, 2023 | 9:11 am
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NEUTRAL IMPACT
B of A Securities maintains Buy rating on NIO, lowers price target from $12 to $11.
The news of B of A Securities maintaining a Buy rating on NIO is positive for the stock. However, the lowering of the price target from $12 to $11 may create some uncertainty among investors. The overall impact on the stock price is expected to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100