Morgan Stanley Reiterates Overweight on NIO, Maintains $12 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Tim Hsiao reiterated an Overweight rating on NIO (NYSE:NIO) and maintained a $12 price target.
June 12, 2023 | 4:55 pm
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Morgan Stanley's Tim Hsiao reiterated an Overweight rating on NIO and maintained a $12 price target.
The reiteration of an Overweight rating by Morgan Stanley's analyst Tim Hsiao indicates a positive outlook for NIO's stock. The maintained $12 price target suggests that the analyst believes the stock has potential for growth in the short term. This news is likely to have a positive impact on NIO's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100