Citigroup Maintains Buy on NIO, Lowers Price Target to $11.5
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Jeff Chung maintains a Buy rating on NIO (NYSE:NIO) but lowers the price target from $13.4 to $11.5.

June 12, 2023 | 9:19 am
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Citigroup maintains Buy rating on NIO, lowers price target from $13.4 to $11.5.
Citigroup's lowered price target may cause some short-term uncertainty for NIO's stock price. However, the maintained Buy rating indicates that the analyst still believes in the company's potential for growth. The impact on the stock price is expected to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100