Deutsche Bank Maintains Buy on NIO, Lowers Price Target to $16
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst Edison Yu has maintained a 'Buy' rating on NIO (NYSE:NIO) but lowered the price target from $17 to $16.

September 06, 2023 | 5:48 pm
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Deutsche Bank has maintained a 'Buy' rating on NIO but lowered the price target from $17 to $16.
The news is directly related to NIO as Deutsche Bank has maintained a 'Buy' rating on the company but lowered the price target. This could indicate a slightly less optimistic outlook for the company's stock, but the maintained 'Buy' rating suggests that Deutsche Bank still sees potential in NIO. The impact on the stock price in the short term is neutral as the lowered price target could be offset by the maintained 'Buy' rating.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100