Mizuho Maintains Buy on NIO, Lowers Price Target to $18
Portfolio Pulse from richadhand@benzinga.com
Mizuho analyst Vijay Rakesh has maintained a 'Buy' rating on NIO (NYSE:NIO) but lowered the price target from $20 to $18.
August 30, 2023 | 2:53 pm
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NEUTRAL IMPACT
Mizuho has maintained a 'Buy' rating on NIO but lowered the price target from $20 to $18.
The news is directly about NIO and is important as it comes from a reputable analyst. The lowered price target might cause some short-term uncertainty among investors, but the maintained 'Buy' rating indicates continued confidence in the company's prospects.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100