Mizuho Maintains Buy on NIO, Lowers Price Target to $20
Portfolio Pulse from richadhand@benzinga.com
Mizuho analyst Vijay Rakesh maintains a Buy rating on NIO (NYSE:NIO) but lowers the price target from $25 to $20.
June 12, 2023 | 1:32 pm
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NEUTRAL IMPACT
Mizuho analyst Vijay Rakesh maintains a Buy rating on NIO, but lowers the price target from $25 to $20.
Mizuho's lowered price target on NIO may cause some short-term uncertainty among investors, but the maintained Buy rating suggests that the analyst still sees potential in the stock. The impact on the stock price is likely to be neutral in the short term as the lowered target is balanced by the continued positive rating.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100