UBS Maintains Neutral on NIO, Raises Price Target to $15
Portfolio Pulse from jenniferd'souza@benzinga.com
UBS analyst Paul Gong has maintained a Neutral rating on NIO (NYSE:NIO) and raised the price target from $13 to $15.
July 31, 2023 | 11:25 am
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NEUTRAL IMPACT
UBS analyst Paul Gong has maintained a Neutral rating on NIO and raised the price target from $13 to $15.
The news is directly about NIO and is likely to impact its stock price. However, the Neutral rating suggests that the analyst does not expect significant price movement in the short term. The increase in price target could be seen as a positive signal, but it's not strong enough to predict a price increase.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100