JP Morgan Maintains Neutral on NIO, Lowers Price Target to $8.5
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Nick Lai maintains a Neutral rating on NIO (NYSE:NIO) and lowers the price target from $10 to $8.5.
June 12, 2023 | 9:16 am
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NEUTRAL IMPACT
JP Morgan analyst Nick Lai maintains a Neutral rating on NIO and lowers the price target from $10 to $8.5.
JP Morgan's lowered price target for NIO may cause some short-term uncertainty among investors, but the Neutral rating suggests that the stock's overall outlook remains unchanged. The impact on NIO's stock price is expected to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100