Bernstein Maintains Market Perform on NIO, Lowers Price Target to $8
Portfolio Pulse from richadhand@benzinga.com
Bernstein analyst Eunice Lee has maintained a 'Market Perform' rating on NIO (NYSE:NIO) but has lowered the price target from $9 to $8.
August 30, 2023 | 3:42 pm
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NEGATIVE IMPACT
Bernstein has maintained a 'Market Perform' rating on NIO but lowered the price target from $9 to $8, which could potentially impact the stock's performance.
The lowering of the price target by Bernstein indicates a potential decrease in the stock's value. This could lead to a negative short-term impact on NIO's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100