Mizuho Maintains Buy on NIO, Lowers Price Target to $15
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Vijay Rakesh has maintained a Buy rating on NIO Inc. (NYSE:NIO) but has reduced the price target from $18 to $15.

December 06, 2023 | 4:43 pm
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Mizuho has maintained a Buy rating on NIO Inc. but lowered the price target from $18 to $15, indicating a positive outlook but with tempered expectations.
While the Buy rating suggests that Mizuho still sees NIO as a good investment, the reduction in the price target could imply a more conservative view on the company's short-term growth prospects. This might lead to mixed reactions in the market, with some investors seeing the lowered target as a sign of caution, potentially tempering short-term gains.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100