JP Morgan Maintains Neutral on NIO, Raises Price Target to $10.5
Portfolio Pulse from richadhand@benzinga.com
JP Morgan analyst Nick Lai maintains a Neutral rating on NIO (NYSE:NIO) and raises the price target from $9 to $10.5.
August 30, 2023 | 1:13 pm
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POSITIVE IMPACT
JP Morgan maintains a Neutral rating on NIO and raises the price target from $9 to $10.5, indicating a potential upside.
The raised price target by JP Morgan indicates a positive outlook for NIO. This could potentially lead to an increase in investor confidence and a short-term rise in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100