B of A Securities Maintains Buy on NIO, Lowers Price Target to $15
Portfolio Pulse from richadhand@benzinga.com
B of A Securities analyst Ming Hsun Lee has maintained a 'Buy' rating on NIO (NYSE:NIO) but lowered the price target from $16.2 to $15.
August 30, 2023 | 1:27 pm
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NEUTRAL IMPACT
B of A Securities has maintained a 'Buy' rating on NIO but lowered the price target from $16.2 to $15.
The news is directly about NIO and is important as it comes from a reputable analyst. The 'Buy' rating is maintained which is positive, but the price target is lowered which might have a neutral to slightly negative impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100