Barclays Maintains Equal-Weight on NIO, Lowers Price Target to $8
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Jiong Shao maintains an Equal-Weight rating on NIO (NYSE:NIO) and lowers the price target from $10 to $8.
June 13, 2023 | 3:55 pm
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Barclays analyst Jiong Shao maintains an Equal-Weight rating on NIO and lowers the price target from $10 to $8.
The lowered price target from $10 to $8 by Barclays analyst Jiong Shao may have a negative short-term impact on NIO's stock price. The Equal-Weight rating suggests that the stock is expected to perform in line with the market, but the reduced price target indicates a potential downside.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100